
Lucsent Block demands additional license for tokenized asset trading
- —Huh said the two-license cap was presented as an example, not a formal decision
- —Lucsent Block ran under an innovative financial services designation but missed formal licensing
- —The company wants market access, not the revocation of rivals' licenses
- —Lucsent is considering litigation if the regulator stalls on new approvals
Why it matters: The dispute sets a precedent for Korean sandbox projects in tokenization and whether they retain licensing rights after formalization.
Source: Digital Today
More on this
Regulation · Oct 22South Korea FSC chief open to extra license for Lucent Block in real-estate tokenization
Regulation · Oct 8Korea's FSC says rejection of Lucent Block's fractional-investment exchange license was fair
Regulation · Oct 24UK's FCA says crypto apps may need licenses when algorithms choose trade routes