After hinting at sharing the guidelines in September 2022, the Korean Financial Services Commission (FSC) announced a Security Token offering issuance. This comes after observing a spike in demand for tokenized digital assets. In addition, the institution will create a systematic structure for the distribution, management, and administration of the Security Token Offerings (STO).
Brokerage Firms To Enter The Security Token Offerings Market
With the Korean government’s offering, entities in the brokerage market can also deal in the STO market. This will pump more funds into the STO market and help compensate for the higher demand in Korea and abroad.