Upbit parent company Dunamu Vice Chairman: Has completed technical preparations for tokenized stocks, awaiting South Korean regulatory clearance

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

Kim Hyoung-nyon pointed out that since South Korea has yet to establish a relevant regulatory framework for tokenized stocks and perpetual futures trading, some market opportunities are shifting overseas. He added that Dunamu has long collaborated with securities firms and financial institutions to complete technical preparations, and will move forward with related business operations as soon as regulatory policies allow.

The conference also discussed agenda items such as accelerating the enactment of the Digital Assets Basic Act and opening up crypto asset investment to institutional and corporate participants. Attendees presented differing opinions on the legislative schedule and the method for advancing regulations.