Blockchain platform Avalanche says South Korea is gearing up to move a major part of its capital market infrastructure on-chain using Avalanche’s tech. According to the company, the plan is to integrate Avalanche solutions into the country’s core market systems.

Who’s involved

The announcement highlights two major players: the Financial Services Commission (FSC) and the Korea Securities Depository (KSD). Avalanche says they’re laying the groundwork to bring assets like stocks, bonds, and funds on-chain.

What we know so far

Right now, this is Avalanche’s statement about prepping a regulator-backed initiative with key infrastructure players. There’s no word yet on timelines, rollout phases, or extra tech details. What’s clear: Avalanche’s network is set to be the backbone for this move.