South Korea Financial Services Commission Chairman Lee Eog-weon met senior representatives of Nasdaq, the Depository Trust & Clearing Corporation and Hong Kong Exchanges and Clearing to discuss tokenized securities, shorter settlement cycles and measures to improve market competitiveness. The discussions come as South Korea prepares to implement its tokenized securities framework under the Electronic Securities Act in February 2027. DTCC emphasized coordination among government, exchanges, depositories and other market participants as tokenization expands beyond traditional securities. It also noted that the U.S. transition to T+1 settlement required more than three years of preparation. Nasdaq shared its experience with market segmentation and delisting stocks trading below USD 1, while discussions with HKEX highlighted the operational demands of T+1, including competing technology projects, constraints on staffing and time, and time zone differences between Asian and Western markets. The parties also exchanged views on developing South Korea’s exchange traded product market and future cooperation.
South Korea Financial Services Commission discusses tokenized securities and T+1 settlement with Nasdaq, DTCC and HKEX
South Korea Financial Services Commission Chairman Lee Eog-weon discussed tokenized securities, T+1 settlement and market competitiveness with Nasdaq, DTCC and HKEX. The talks informed South Korea’s preparations for its February 2027 tokenized securities framework and highlighted the need for institutional coordination and extended planning for settlement reform. Nasdaq also shared experience with market segmentation, delistings and exchange traded products.