Regulation· ★★· neutral·

South Korea FSC chief open to extra license for Lucent Block in real-estate tokenization

  • —Lee said he will assess market conditions and consider an additional license if needed
  • —Lucent Block spent years in the regulatory sandbox but failed to secure a formal distribution license
  • —Lawmaker Cho Jung-hoon questioned the legal basis for capping licensed operators at two
  • —The two pre-approved operators have not yet begun formal operations
Why it matters: The decision will set a precedent for South Korea's real-estate tokenization market and new entrants' access to licenses.
Source: Blockmedia
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