The Financial Services Commission (FSC), in collaboration with the Korea Securities Depository (KSD), has announced a three-stage roadmap aligned with the February 2027 legislative timeline for token securities. The most notable aspect is that the Avalanche blockchain has been selected as the technology partner for this massive financial infrastructure. As a major project focused on tokenizing traditional capital market assets—such as private equity funds, corporate bonds, and unlisted stocks—there was significant attention on what technology would be adopted, and Avalanche has ultimately been chosen as the core infrastructure.

The plan is structured to start with private placement products for institutional investors and gradually expand to public offerings and on-chain settlement based on stablecoins. With Avalanche having collaborated on real-world asset tokenization with various overseas financial institutions, expectations are high regarding whether it can successfully meet the rigorous requirements of the domestic regulated financial system. It is exciting to watch, as this looks to be a significant benchmark for the adoption of a mainnet within the institutional framework, rather than just a simple technical proof-of-concept.