South Korea is advancing a three-part digital-finance program that opens controlled crypto access for roughly 3,500 listed companies and professional investors, gives legal recognition to tokenized securities from February 2027, and expands commercial-bank deposit-token trials under Project Hangang. The Financial Services Commission roadmap allows eligible corporations real-name bank accounts linked to exchanges after years in which firms could not trade virtual assets locally, with officials weighing a 5% equity-capital investment ceiling and a focus on major coins. Amendments to the Electronic Securities Act and Capital Markets Act, passed in January 2026, let distributed ledgers serve as issuance records via the Korea Securities Depository. The Bank of Korea’s Phase II, launched in March 2026 with nine banks, tests person-to-person transfers, government programmable payments and AI-agent settlement, while authorities separately continue to weigh cryptocurrency-exchange ownership caps and transition sell-down measures. FactBlock CEO Andrew Park said the market is shifting from retail trading toward custody, tokenization, stablecoins, settlement and compliance.