Recently, the Bank of Korea established a new task force on virtual assets, reflecting the changing legislative environment surrounding stablecoins and digital assets.
Creation of the virtual assets task force
The Bank of Korea (BOK) announced the establishment of a new virtual assets task force under its Financial Settlement Bureau. This change has arisen from the growing interest in legislative initiatives related to KRW-based stablecoins.
The new task force will serve as a bridge between the central bank and key stakeholders, including the government and the National Assembly, actively participating in the development of regulatory frameworks around stablecoins and virtual assets.
eToro tokenizes stocks on Ethereum
Social investment platform eToro has announced the launch of tokenized trading for stocks and ETFs, offering 24/5 trading. The first batch will consist of 100 U.S. equities issued as ERC-20 tokens on Ethereum, enabling trading outside of traditional market hours.
This initiative aligns with the broader trend of real-world asset (RWA) tokenization, aimed at increasing user access to finance and improving asset liquidity.
Etherex launches REX token for DEX on Linea
Decentralized exchange Etherex has announced the launch of its REX token scheduled for August 6. The project aims to build deep liquidity within the Linea ecosystem, allowing it to succeed in the competitive DEX environment.
The project emphasizes its commitment to the Linea ecosystem, targeting early liquidity provider participation and potential token incentives.
The Bank of Korea and companies like eToro and Etherex are actively participating in shaping new standards and technologies in the areas of stablecoins and tokenization, confirming the growing interest in digital assets in the region.
