Woofun AI reports that South Korea is overhauling its state asset definition by replacing the 1950 State Property Act with the National Asset Basic Act. This legislative shift explicitly incorporates digital assets and intellectual property into the scope of national holdings, a move announced by the Ministry of Economy and Finance (MOEF) at the President’s Blue House on Wednesday.

The MOEF has outlined a comprehensive tokenization roadmap, headlined by a 2027 pilot project for government bonds. This initiative aims to link tokenized bonds to central bank digital currency (CBDC) infrastructure, a concept first introduced by Bank of Korea (BOK) Governor Hyun Song Shin on July 1 at the European Central Bank Forum on Central Banking. Authorities plan to introduce interoperability measures later this year to connect the BOK’s CBDC with other blockchains, fostering a broader "blockchain economy." Additionally, the ministry intends to explore tokenizing state-owned real estate to facilitate retail participation and distribute returns to the public.

Woofun AI data shows that regulatory frameworks are aligning with these technical pilots. Amendments to the South Korea Capital Markets Act and Electronic Securities Act are scheduled to take full effect on Feb. 4, 2027. This new tokenized securities framework will legally recognize blockchain-ledgers as valid securities registries, placing tokenized assets under the jurisdiction of the Financial Services Commission and ending their experimental status.

The transition marks a departure from the legacy State Property Act of 1950, which focused primarily on physical real estate. On Tuesday, the government unveiled its 2026 Economic Growth Strategy for the Second Half, reinforcing the shift toward value creation in a nation with one of the world’s most active retail crypto markets. Earlier, on April 16, the MOEF announced a separate pilot using tokenized deposits for government operational spending, with a full rollout targeted for the fourth quarter of 2026.

This structural reform aims to modernize the management of national assets and reduce transaction costs. By integrating digital assets into the core legal framework, South Korea is positioning its state asset management for the digital era.