Samsung SDS to build the KSD Tokenized Securities Platform
Samsung SDS, a subsidiary of Samsung Information Technology Services, will reportedly build a token securities platform for Korea Securities Depository (KSD).
According to local reports from Yonhap News Service and The Korea Times, Samsung SDS has won a contract to develop and operate the platform for KSD. The project is expected to be completed by February 2027 and will transform a proven technology into a standard system capable of permanent service operations.
KSD plans to strengthen the offering and rights management of tokenized securities by connecting existing electronic securities account systems with blockchain-based distributed ledger information, the reports said.
Samsung SDS has previously worked on KSD's tokenized securities efforts, including functional-analytics consulting in 2024 and building a test platform in 2025, Seoul Economic Daily reported.
The news comes as South Korea prepares the market infrastructure needed to support tokenized securities once the legal framework is implemented.
South Korea Develops Its Token Security Framework
On January 15, the Financial Services Commission (FSC) passed the amendments to the Electronic Registration Act and the Financial Investment Services and Capital Markets Act through the National Assembly, paving the way for the issuance and distribution of security tokens.
The FSC said the revised Electronic Registration Act would give legal recognition to blockchain-based distributed ledgers as securities records. The regulator also said token security issuers are required to follow legally mandated procedures to register for electronic registration with the KSD and place the deposit at South Korea's Future Token Securities Infrastructure Center.
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On March 4, the FSC launched a public-private advisory body on security tokens. The advisory body will work on regulations and infrastructure for security tokens in four areas: technology and infrastructure, service delivery, distribution and payment and settlement.
In the notification, the FSC also said that the framework will come into force from February 4, 2027 after the amendment of subordinate regulations and setting up of necessary infrastructure. That timing coincides with Samsung's SDS report to complete the KSD platform in February 2027.
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