South Korea's FSC to Decide on STO Exchange Approvals

South Korea's Financial Services Commission (FSC) is poised to make a significant decision regarding the preliminary approval of over-the-counter security token offering (STO) exchanges. According to NS3.AI, this decision may exclude Lucentblock, a startup focused on real estate fractional investment, which has been operating under a regulatory sandbox for seven years. Two consortiums, led by Korea Exchange and Nextrade, have been shortlisted for approval. If the FSC confirms these selections, Lucentblock will be excluded from the STO exchange ecosystem.