Korea Exchange’s Koscom signs 12 securities firms to tokenization platform KoSTO – report
Koscom, a subsidiary of the Korea Exchange, has expanded its KoSTO tokenization platform by securing commitments from twelve major securities firms. This initiative aims to provide shared infrastructure for token issuance, distribution, and settlement, reducing the technical and financial burden on individual firms. The platform is designed to integrate directly with the Korea Securities Depository (KSD) to ensure data integrity across multiple blockchain networks. By centralizing these processes, Koscom prepares the market for South Korea's upcoming securities legislation, which takes effect on February 4, 2027. This regulatory shift will formally recognize tokenized securities and bonds as legally equivalent to conventional financial instruments. Furthermore, the new laws will permit licensed intermediaries to facilitate over-the-counter trading of fractionalized real-world assets like real estate and music royalties. This development represents a significant institutional effort to standardize the domestic RWA ecosystem ahead of national legal adoption.
