South Korean Lawmaker Proposes Amendment to Include Digital Assets as Underlying Assets for Financial Products

According to Foresight News, South Korean Democratic Party member Min Byeong-deok today proposed an amendment to the Capital Markets and Financial Investment Services Act, aimed at including digital assets within the scope of underlying assets and trust property for financial investment products. This amendment will allow digital assets such as Bitcoin to serve as underlying assets for financial products like ETFs, and provide a legal basis for trust companies to custody and manage digital assets. If the bill passes, South Korean investors will be able to indirectly invest in digital assets through institutionalized financial products, which will help enhance investor protection and market transparency.