Regulation· ★★· neutral·

Korea's FSC says rejection of Lucent Block's fractional-investment exchange license was fair

  • —Lucent Block ran real-estate fractional-investment platform 'Soyu' with 500,000 users and 30 billion won invested
  • —NXT Consortium and KDX received preliminary licenses; Lucent Block was excluded
  • —Lawmaker Min Byung-duk flagged gaps in the sandbox-to-licensed transition process
  • —FSC chief Lee Ok-won said the process was fair but shared regret over the startup's situation
Why it matters: The case sets a precedent for how Korean sandbox projects transition to regulated status, shaping the tokenized-asset market.
Source: Digital Today