Asia's weekly TOP10 crypto news: Japan Launches New Tax System to Boost Detection of Undeclared Crypto Assets, South Korea Plans to Expand Tokenization to Stocks, Bonds and Funds and Top10 News
RWA Signal Insight
InfrastructureThe Asian financial landscape is witnessing a significant shift toward tokenized infrastructure, highlighted by Japan's Ministry of Finance establishing a research group to explore real-time on-chain government bond settlement. This initiative, involving the Bank of Japan and the Financial Services Agency, aims to evaluate the feasibility of moving beyond traditional T+1 settlement cycles. Simultaneously, South Korea’s Financial Services Commission has proposed regulatory revisions to expand tokenized securities to include stocks, bonds, and funds, with implementation slated for February 2027. In the private sector, Shinhan Bank and the Solana Foundation successfully completed a proof-of-concept for corporate cross-border stablecoin remittances using a private Solana-based solution. These developments collectively signal a transition from experimental pilots to formal institutional frameworks for tokenized assets across Asia. By integrating blockchain technology into sovereign debt and traditional securities, these nations are positioning themselves to modernize capital markets and enhance settlement efficiency. The move toward regulated, on-chain financial instruments reflects a broader regional trend of adopting blockchain for institutional-grade asset management and cross-border liquidity.
Key points
- Japan's Ministry of Finance launched a research group for on-chain government bond settlement.
- South Korea's FSC proposed expanding tokenized securities to include stocks, bonds, and funds.
- Shinhan Bank and Solana Foundation validated a private stablecoin remittance PoC for corporations.
- South Korean tokenized security regulations are scheduled to take effect on February 4, 2027.
Background
The Financial Services Commission (FSC) is the primary regulatory body in South Korea responsible for overseeing the financial markets and ensuring the stability of the nation's banking and securities sectors. The Ministry of Finance in Japan serves as the central government agency tasked with managing national fiscal policy, taxation, and the oversight of the country's financial system and sovereign debt issuance.