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US-listed Securitize rose nearly 8% at one point, and is partnering with LG CNS to seize South Korea's securities tokenization market.

1 hours ago

According to BIT (bit.com) market data, security tokenization platform Securitize announced it has signed a memorandum of understanding (MOU) with South Korean tech firm LG CNS to explore products including tokenized funds, stocks, and stablecoins, aiming to drive South Korean financial institutions’ adoption of tokenized assets and digital asset infrastructure. Following the announcement, Securitize (ticker: SECZ) saw its share price jump nearly 8% to around $12.60 in Tuesday’s pre-market trading, though the gain later moderated. Last week, South Korea’s Financial Services Commission (FSC) proposed a regulatory framework for security tokenization, planning to standardize the issuance and circulation of tokenized securities such as stocks, bonds, and funds starting in February 2027. LG CNS concurrently launched a blockchain infrastructure platform to provide support for stablecoins and tokenized securities to banks and financial institutions. Securitize has emerged as a key player in the real-world asset (RWA) tokenization space, where the current market size is approximately $400 billion. As traditional financial institutions accelerate exploration of on-chain stocks, the market value of tokenized stocks has risen 10.6% over the past 30 days, reaching around $3.2 billion. Securitize CEO Carlos Domingo previously stated that even limited mainstream adoption of tokenized stocks could significantly expand the crypto market’s scale.

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ETH briefly fell below $2,600, with a trader’s long position worth nearly $9.85 million fully liquidated within three minutes.

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Abstract has operated for two years and lost tens of millions of dollars, with its founder stating that it will focus on Pudgy Penguins and PENGU going forward.

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