Korea: security tokens & KRW stablecoins
Korea's security-token regime takes effect on 2027-02-04, so there is no issuance data yet. We track the regulatory timeline and RWA-related assets traded in Korea.
USDT premium in KRW (1 year)
Upbit USDT daily close (KST day) ÷ ECB USD/KRW reference rate for that day (previous business day on weekends/holidays) − 1. May differ slightly from bank rates.
Investment-contract & security-token filings (DART)
Until Korea's security-token law takes effect (2027-02-04), fractional-investment products file registration statements as 'investment contract securities'. We collect these issuers' filings from DART and watch daily for the first security-token filings.
20 most recent filings
| Filed | Company | Report | Type |
|---|---|---|---|
| 2026-11-06 | 스탁키퍼 | 증권신고서(투자계약증권) | Registration |
| 2026-11-05 | 스탁키퍼 | 증권발행실적보고서 | Result |
| 2026-10-27 | 투게더아트 | 증권발행실적보고서 | Result |
| 2026-10-21 | 스탁키퍼 | 투자설명서 | Prospectus |
| 2026-10-13 | 투게더아트 | 투자설명서 | Prospectus |
| 2026-10-07 | 스탁키퍼 | [기재정정]증권신고서(투자계약증권) | Amendment |
| 2026-09-23 | 스탁키퍼 | 증권신고서(투자계약증권) | Registration |
| 2026-09-23 | 스탁키퍼 | 증권발행실적보고서 | Result |
| 2026-09-15 | 투게더아트 | 증권신고서(투자계약증권) | Registration |
| 2026-09-08 | 스탁키퍼 | 투자설명서 | Prospectus |
| 2026-09-02 | 스탁키퍼 | [기재정정]증권신고서(투자계약증권) | Amendment |
| 2026-08-14 | 스탁키퍼 | [기재정정]증권신고서(투자계약증권) | Amendment |
| 2026-08-14 | 데이터젠 | 호가중개시스템을통한소액매출공시서류 | Other |
| 2026-08-06 | 스탁키퍼 | [첨부추가]증권신고서(투자계약증권) | Amendment |
| 2026-07-14 | 데이터젠 | 증권발행실적보고서 | Result |
| 2026-06-26 | 데이터젠 | 투자설명서 | Prospectus |
| 2026-06-24 | 데이터젠 | [기재정정]증권신고서(투자계약증권) | Amendment |
| 2026-06-11 | 스탁키퍼 | [기재정정]증권발행실적보고서 | Result |
| 2026-06-05 | 데이터젠 | 증권신고서(투자계약증권) | Registration |
| 2026-05-29 | 투게더아트 | [기재정정]증권발행실적보고서 | Result |
By issuer
| Company | First filing | Statements | Results | Latest filing |
|---|---|---|---|---|
| 스탁키퍼 | 2023-12-29 | 11 | 21 | 2026-11-06 |
| 투게더아트 | 2023-08-11 | 10 | 11 | 2026-10-27 |
| 데이터젠 | 2025-12-15 | 2 | 3 | 2026-08-14 |
| 열매컴퍼니 | 2023-10-13 | 3 | 15 | 2026-02-12 |
| 아티피오 | 2024-12-12 | 1 | 3 | 2025-12-24 |
| 서울옥션블루 | 2023-11-28 | 2 | 1 | 2024-09-30 |
Source: Financial Supervisory Service DART (issuance filings). Issuers are companies that filed reports whose titles contain 'investment contract securities', 'token' or 'distributed ledger' (since 2023-07). Company names and report titles are shown in Korean as filed. All of an issuer's issuance filings are listed, so some may be unrelated to fractional investment.
Regulatory timeline
- 2026-01-15Done
National Assembly passes the Electronic Securities Act and Capital Markets Act amendments introducing security tokens
Source: Law Times (Korea), 2026-04-02 - 2026-02-03Done
Amendments promulgated — distributed ledgers recognized for securities records; issuer account-management institutions created
Source: Law Times (Korea), 2026-04-02 - 2026-11-02In progress
FSC says it will push the Digital Asset Basic Act ‘as quickly as possible’; KRW stablecoin payments to be handled with related law amendments
Source: BizWatch (Korea), 2026-11-02 - 2026-11-10In progress
Rep. Min Byung-duk targets passing the Digital Asset Basic Act before 2027-01-18; KRW stablecoin issuer eligibility and exchange ownership caps are the sticking points
Source: Blockmedia (Korea), 2026-11-10 - 2027-02-04Scheduled
Amended Electronic Securities Act takes effect; OTC brokerage licenses for investment-contract and beneficiary securities begin
Source: Law Times (Korea), 2026-04-02
Korean KRW markets (Upbit, Bithumb)
| Asset | Exchange | Price | 24h volume |
|---|---|---|---|
| USDT Stablecoin | Upbit | ₩1,379 | ₩141.1B |
| USDT Stablecoin | Bithumb | ₩1,378 | ₩108.5B |
| ONDO RWA-related | Upbit | ₩419 | ₩21.6B |
| ONDO RWA-related | Bithumb | ₩420 | ₩7.6B |
| USDC Stablecoin | Upbit | ₩1,377 | ₩3.5B |
| USDC Stablecoin | Bithumb | ₩1,380 | ₩1.5B |
| PLUME RWA-related | Upbit | ₩16.9 | ₩1.1B |
| USDS Stablecoin | Upbit | ₩1,375 | ₩1.1B |
| CFG RWA-related | Upbit | ₩97.8 | ₩737.7M |
| PLUME RWA-related | Bithumb | ₩16.93 | ₩557.7M |
| POLYX RWA-related | Upbit | ₩35.6 | ₩528.5M |
| XAUT RWA-related | Upbit | ₩5,284,000 | ₩414.2M |
| SYRUP RWA-related | Upbit | ₩141 | ₩369.3M |
| XAUT RWA-related | Bithumb | ₩5,275,000 | ₩242.7M |
| SYRUP RWA-related | Bithumb | ₩140 | ₩216.2M |
| CFG RWA-related | Bithumb | ₩97.25 | ₩160.0M |
| USD1 Stablecoin | Upbit | ₩1,379 | ₩145.7M |
| POLYX RWA-related | Bithumb | ₩35.3 | ₩52.0M |
| USDE Stablecoin | Bithumb | ₩1,369 | ₩49.0M |
| USDE Stablecoin | Upbit | ₩1,374 | ₩34.9M |
| PYUSD Stablecoin | Bithumb | ₩1,378 | ₩29.0M |
| PYUSD Stablecoin | Upbit | ₩1,373 | ₩27.1M |
| USD1 Stablecoin | Bithumb | ₩1,367 | ₩13.0M |
| PAXG RWA-related | Bithumb | ₩5,233,000 | ₩11.2M |
| USDS Stablecoin | Bithumb | ₩1,371 | ₩4.4M |
Source: Upbit, Bithumb, ECB(2026-11-13) · As of Nov 16, 2026, 03:21 AM KST
Data to add after launch
- Security-token issuance from DART filings (investment-contract and beneficiary securities)
- Issuer account-management and OTC brokerage license registry
- KRW stablecoin supply and reserve reconciliation (after the law passes)
- Korean institutions’ holdings of global RWAs (from disclosures)