Samsung SDS, Samsung’s IT services subsidiary, will build a token securities platform for the Korea Securities Depository (KSD), bringing South Korea’s central securities depository closer to operating blockchain-based securities infrastructure as the country prepares a legal framework for tokenized assets.
According to local reports, Samsung SDS has won a contract to build and operate a platform for KSD Yonhap News Agency AND Korean Times.. The project is scheduled to be completed in February 2027 and transform the technology verification testbed into a formal system capable of stable service operation.
Reports indicate that KSD plans to connect its existing electronic securities account system with blockchain-based distributed ledger data to streamline the issuance of tokenized securities and rights management.
Samsung SDS has previously worked on KSD tokenized securities, including functional analysis consulting in 2024 and test platform construction in 2025, Seoul Economic Daily reported.
The news comes as South Korea prepares the market infrastructure necessary to support tokenized securities once the upcoming regulatory framework comes into force.
South Korea is preparing a framework for tokenized securities
January 15 Financial Services Commission (FSC) he said amendments to the Electronic Registration Act and the Financial Investment and Capital Markets Services Act were adopted by the National Assembly, paving the way for the issuance and trading of security tokens.
The FSC said the amended Electronic Registration Act legally recognizes blockchain-based distributed ledgers as securities registers. The regulator also said that issuers of token securities will be required to follow legally required procedures and apply for electronic registration with the KSD, which will place the depository at the center of South Korea’s future token securities infrastructure.
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On March 4, FSC fired public-private security token advisory body. The advisory body will work on the principles and infrastructure of security tokens in four areas: technology and infrastructure, issuance, circulation, and payments and settlements.
In the announcement, FSC also said that the framework is expected to come into force on February 4, 2027, once subordinate rules are updated and the appropriate infrastructure is set up. This deadline is closely in line with Samsung SDS’s reported target of February 2027 for the completion of the KSD platform.
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