K-Culture RWA goes to the National Assembly. ๐๏ธ
On July 8, Wavist presents at the Fan-Centered K-Culture Content STO Policy Seminar โ co-hosted by Rep. Ahn Do-geol (former Vice Minister of Economy & Finance) and the K-Culture Content Industry Association (KCCIA).
Our Head of Digital Innovation, Brian Hong (@witch_brn), will speak on how fans become investors as Korea moves toward its 2027 token-security framework.
https://t.co/0QLbp0Nqf7
People ask me: "Why K-Content? Why now?"
Here's my honest answer:
The world already loves K-Culture. BTS. Squid Game. BLACKPINK.
That's not a trend. That's a permanent shift in global culture.
But the financial infrastructure hasn't caught up yet.
We're building it.
Not just for investors โ for the fans who made this wave possible.
โ Mark ๐งโโ๏ธ
$WITCH #KContent #RWA #Web3 #Founder
Crypto winters don't end with hype. They end with real value.
RWA is how we get there.
Fans don't just stream their favorite artists โ they want to own a piece of them. That obsession is real cashflow. That's what Wavist is built on.
$WITCH
Token Securities Bill Enters the Regulated Market After 2.5 Years: โRWA Market Opens Upโ
Revisions to the Electronic Securities Act and the Capital Markets Act to take effect next January
With the passage of legislation on tokenized securities (STOs), regulatory uncertainty around real-world asset (RWA) businesses such as fractional investing has largely been resolved.
On Jan. 15, the Financial Services Commission (FSC) announced that amendments to the Electronic Securities Act and the Capital Markets Act, aimed at legalizing token securities, passed the National Assemblyโs plenary session.
Token securities refer to securities whose issuance and distribution records are managed on a blockchain-based distributed ledger. After the government first introduced related guidelines in July 2023, the bill went through proposal, debate, and repeal cycles before being institutionalized about 2.5 years later.
The amended Electronic Securities Act clarifies the legal definition of distributed ledgers and allows them to be used as securities account ledgers, effectively permitting tokenized issuance of securities. Issuers will be required to provide prior notice to an electronic registry agency and apply for electronic registration.
A key change in the amended Capital Markets Act is the authorization of secondary trading for investment contract securities. The revision makes clear that such securities can be intermediated by securities firms, similar to stocks and bonds.
The new framework is expected to accelerate the RWA market connected to the real economy, expanding beyond existing fractional investment products such as real estate, music, and art, as more industries and businesses enter the market.
For example, a small business owner running a cafe could securitize a portion of future revenues and issue them as blockchain-based tokens to raise funds. Startups may also be able to raise capital by tokenizing individual projects.
The amendments will take effect in January next year. The FSC plans to form a token securities consultative body to finalize detailed design and subordinate regulations, involving financial regulators, the Korea Financial Investment Association, industry participants, and academia.
https://t.co/FN6APFfYfd
K-POP continues to reshape global streaming history.
Jungkook just became the fastest Asian soloist to surpass 10B streams on Spotify โ with only 18 songs.
This pace of growth shows how powerful Korean music IP has become worldwide.
WITCH Foundation remains focused on building the Web3 infrastructure that will connect global fandom, culture, and real-world value.
#KCulture #Web3 #RWA #KPOP
WITCH just closed a $3.22M institutional RWA deal โ officially launching Asiaโs first K-POP live-eventโlinked RWA product with SBI Digital Markets, DOD, and Kyobo Life Insurance.
K-POP is now an investable asset class.
This is the beginning of Cultural Finance.
Full story โ
https://t.co/pyz1Ayp4UL
$WITCH $CNCRT #KPOP #RWA
Dunamuโs KRWT pilot shows Koreaโs shift,
won stablecoins moving from tests to real rails
When Naver Pay + Upbit link, coins flow at checkout not just on exchanges.
WitchPay is already there with $WITCHโstable rails + real merchant use.
#WITCH#WITCHPAY#WAVIST
โจ K-POP is the trend.
And now, we invite you to Koreaโs biggest year-end award show.
Why a music awards show?
Because one of the concerts under Wavistโs $CNCRT is this stage โ
where all these K-POP artists gather. ๐คโจ
Imagine holding the concert itself, and enjoying it as a VIP.
Thatโs the starting point of K-POP RWA.
๐ Get ready for the next RWA drop.
Be the Wavist.
#WAVIST #CNCRT #KPOP $WITCH
Weโre working on building a safer fund structure through #WITCH_DAT.
Itโs not perfect yet โ but every step brings us closer to a resilient treasury model.
Because security and sustainability are what will shape the future of $WITCH.
#WITCH#DAT
One of our entertainment based STOs $VRT is apparently cruising at full speed. Check the hype this event has been arousing within the K-POP scene.
Can't believe there are two more VR concerts by artists with even bigger and hotter fndom.