South Korea’s Eugene Investment tests stablecoins for securities settlement

Eugene Investment & Securities has signed an agreement with blockchain company BEATOZ to test stablecoin settlement for tokenized securities subscriptions, targeting an onchain process that covers subscription, payment and settlement. Summary Eugene Investment and BEATOZ will test stablecoins for settling tokenized securities subscription payments onchain. The proof of concept will examine whether subscription, payment and settlement can operate within a single blockchain based system. Eugene built its tokenized securities platform in 2024 and is participating in Hana Financial Group’s won stablecoin consortium. South Korea is preparing to introduce its regulated tokenized securities framework from February 2027. According to Eugene Investment & Securities, the memorandum of understanding signed on Sept. 21 will initially focus on a proof of concept that applies stablecoins to subscription payments for tokenized securities. The firms will examine whether the payment leg can be moved onto blockchain infrastructure alongside securities records. Current tokenized securities systems can record ownership and changes in investor rights onchain, while subscription funds continue to move through conventional bank accounts. Eugene and BEATOZ plan to test a structure in which stablecoins handle the payment side so that subscription, payment and settlement can operate through a single blockchain based flow. Stablecoin settlement could bring payments onchain Under the agreement, Eugene will contribute its securities operations experience and existing tokenized securities infrastructure, while BEATOZ will provide its hybrid blockchain technology. The companies will jointly review where stablecoins could be used across securities operations before deciding on potential infrastructure connections and subsequent cooperation based on the PoC results. Eun Seok hoon, head of Eugene Investment & Securities’ AX innovation division, described the agreement as a “first step” toward infrastructure connecting tokenized securities and stablecoins. “We will use our existing tokenized securities issuance platform to find concrete ways to apply it,” Eun said. Eugene already has infrastructure that can be used for the trial. The brokerage built its tokenized securities platform in 2024 and participated in a tokenized securities pilot operated by the Korea Securities Depository in 2025. It is currently part of Hana Financial Group’s consortium working on a Korean won denominated stablecoin. You might also like: South Korea stock scam losses hit $250 million The trial comes as South Korea prepares to formally incorporate tokenized securities into its regulated capital markets system. Crypto.news previously reported that the country has laid out a three stage tokenization plan, with the first phase scheduled to begin when amendments to the Electronic Registration Act take effect on Feb. 4, 2027. Selected privately pooled money market funds and institutional bonds are expected to become eligible for tokenization during the first phase, along with unlisted stocks issued through trust structures and publicly offered fractional investment securities.