Eugene Investment & Securities and BEATOZ signed an agreement on September 21, under which they will test the use of stablecoins for settlements related to subscriptions for tokenized securities. The goal of the project is to create a structure where stablecoins handle payments, ensuring a unified flow on the blockchain for subscription, payment, and settlement. The project will start with a proof of concept that will allow for the assessment of the possibility of integrating the payment component into the blockchain along with records of the securities.
Currently, tokenized securities systems record ownership rights and changes in investor rights on the blockchain, while subscription funds continue to flow through traditional bank accounts. Eun Seok-hoon, head of AX Innovation at Eugene, called the agreement a "first step" towards creating infrastructure that connects tokenized securities and stablecoins. Eugene has already built a tokenized securities platform in 2024, participated in a pilot with Korea Securities Depository in 2025, and is part of the Hana Financial Group consortium for stablecoins in won.
South Korea is preparing to introduce a regulated infrastructure for tokenized securities starting February 4, 2027. In the first phase, a portion of money market funds, institutional bonds, and unlisted stocks will be tokenized through trusts and publicly offered fractional investment securities. Later, there are plans to expand to publicly offered securities, and in the final phase – on-chain payments based on stablecoins. Samsung SDS has received a contract to develop a platform for Korea Securities Depository with functions for issuance, circulation verification, rights management, and real-time monitoring. The KSD platform will connect to Avalanche, Hyperledger Besu, and Hyperledger Fabric.
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