South Korea's Financial Services Commission unveiled a phased roadmap to integrate conventional securities onto blockchain starting February 4, 2027. The plan begins with tokenizing private money-market funds, corporate bonds, and unlisted shares, treating them as digitized securities under existing laws. Later phases could expand to public securities and on-chain settlements using stablecoins, depending on market adoption and legislation progress. The Avalanche network is positioned as a key technical partner, but no exclusive blockchain was officially designated. This initiative aims to modernize Korea's capital markets while maintaining investor protections.
Most major cryptocurrencies saw price declines, including Bitcoin dropping 1.78% to $76,678 and Ethereum falling 3.26% to $2,378.53. Other tokens like XRP, Solana, and Zcash also experienced notable losses. A few coins showed slight gains, but overal...
Ethena Pay, a self-custody financial app on Avalanche, has entered beta testing in 48 countries, offering users up to 6% annual yields on USDe stablecoin holdings and cashback rewards up to 10% at partners like Uber and Spotify. The ENA governance to...
