The ruling party in South Korea plans to incorporate tokenized RWA and stablecoins into the existing financial regulatory framework.

ZkProver · 2026-04-08T11:12:03+00:00

The Korean Democratic Party proposes to include tokenized real-world assets and stablecoins within the legal framework. The proposal requires issuers to deposit assets in accordance with the Capital Markets Act, with stablecoins regulated as a means of payment by the foreign exchange authority, and calls for interoperability standards. It also bans earning interest on idle stablecoin balances. The launch of the Basic Digital Asset Act has been postponed again to 2025.

ZkProver

2026-04-08 11:12:03

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ChainCatcher reports that, according to The Block, South Korea’s Democratic Party plans to bring tokenized real-world assets (RWA) and stablecoins into the existing legal framework, and the relevant provisions have been included in the draft of the Digital Asset Basic Act.

The proposal requires tokenized RWA issuers to deposit the underlying assets into a trust account under the Capital Markets Act; stablecoins are defined as “payment instruments” under the Foreign Exchange Transactions Act, which are supervised by the foreign exchange authorities and do not require separate registration. Small stablecoin transactions are exempt from foreign-exchange reporting, while large transactions maintain regulatory requirements.

In addition, the proposal bans offering returns on idle stablecoin balances and requires the Financial Services Commission to set technical standards for stablecoin interoperability. The Digital Asset Basic Act is South Korea’s second set of digital-asset regulatory rules and has been delayed by legislation multiple times; the originally planned rollout schedule for 2025 has been pushed back.

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