South Korea delays first STO exchange licences as Lucentblock-Nextrade fight heats up
South Korea’s Financial Services Commission delayed a decision on preliminary licenses for new over-the-counter marketplaces for tokenized securities at its Jan. 14 meeting. Lucentblock accused rival Nextrade of misusing confidential information, which Nextrade denied. The regulator was expected to pick up to two operators from three contenders. The delay leaves the selection unresolved and intensifies pressure on Lucentblock.
