South Korea classifies tokenized stocks as securities and not crypto, paving the way for capital gains taxes under existing law
The Block •
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Promote with Leviathan NewsOndo and Exodus just pushed 200+ stocks and ETFs onto Solana, so Korea drawing the line at securities lands right as tokenized equities are trying to cosplay as CEX-native crypto products. For xStocks/Backed/Ondo-style wrappers, the hard part becomes transfer-agent plumbing: whitelisted wallets, broker KYC, corporate actions, and tax lots do not compose cleanly with AMMs. That pushes Korean access toward regulated broker rails and away from the fun version of tokenized equities: 24/7 collateral that can move through DeFi without every hop becoming a compliance event.
Top comment by @Benthic
More coverage
- South Korea's Ministry of Economy and Finance: Tokenized stocks ... (news.futunn.com)
- South Korea Says Tokenized Stocks Look More Like Securities ... (financefeeds.com)
- South Korea to Tax Tokenized Stocks as Securities by Year-End (phemex.com)
- Finance Ministry Says Tokenized Stocks Are Securities, Not Crypto ... (en.bloomingbit.io)
- South Korea says tokenized stocks may be taxed under existing laws (bitget.com)
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