Vice Chairman of Upbit Parent Dunamu: Technical Preparations for Tokenized Stocks Completed, Awaiting South Korean Regulatory Approval

According to TechFlow on Nov. 12, Yonhap News Agency reported that Kim Hyoung-nyon, vice chairman and co-founder of Upbit parent Dunamu, said at the Korea Digital Asset Policy Conference that it is regrettable that tokenized stocks of leading Korean companies such as Samsung Electronics and SK Hynix can only be traded on overseas exchanges.

Kim Hyoung-nyon noted that because South Korea has not yet established regulatory frameworks for tokenized stocks and perpetual futures trading, some market opportunities are moving overseas. He said Dunamu has long worked with securities firms and financial institutions and completed the relevant technical preparations, so it can roll out related businesses once regulatory policy allows.

The conference also discussed accelerating the enactment of the Digital Asset Basic Act and allowing institutions and corporations to participate in crypto asset investment. Participants expressed differing views on the legislative timeline and the approach to advancing regulation.

Source: TechFlow