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Korea's South Korean National Assembly Approves the Tokenization of Securities Law
The South Korean National Assembly has approved historic amendments to the Capital Markets Act and the Electronic Securities Act, officially legitimizing the issuance and trading of security tokens.
The new framework allows for fractional ownership of real assets, including real estate, fine art, and even livestock.
Estimates from Boston Consulting Group suggest that the tokenized securities market in South Korea could reach 367 trillion won ((249 billion USD)) by 2030.
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