Share this article
Korea Exchange Launches Blockchain-Powered Private Market
The Korea Exchange, South Korea’s sole securities exchange operator, has launched a new service that utilizes blockchain technology.
By Corin Faife
Updated Sep 11, 2021, 12:37 p.m. Published Nov 16, 2016, 5:00 p.m.
The Korea Exchange (KRX), South Korea’s sole securities exchange operator, has launched a new service in which equity shares of startup companies can be traded on the open market.
Called the Korea Startup Market (KSM), the service is being provided in partnership with Blocko, a Korean blockchain startup that has produced a blockchain-as-a-service platform called Coinstack.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The Coinstack platform will provide document and authentication services for the KSM by checking against client references that have already been provided to the system by Korean banks like JB Bank, KISA, Lottecard, Paygate and others.
As CoinDesk previously reported, senior figures in Korea Exchange's planning team have been researching blockchain initiatives since 2015, convening a task force to give strategic guidance on how the technology could be used. But it is only now that the results are being released as part of the service KRX offers to traders.
Won-Beom Kim, Blocko CEO, said in statements that service marks the "first example" of how blockchain could be used in the domestic over-the-counter stock market as envisioned by KRX.
He added that Blocko is now striving to showcase how its blockchain offering could be applied to more industries, including bonds and promissory notes.
Korea image via Shutterstock
Lebih untuk Anda
Yang perlu diketahui:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Lebih untuk Anda
Bitcoin trades near key price safety net that Strategy already breached
The safety net is the 100-week average, which has stalled the downtrend.
Yang perlu diketahui:
- Bitcoin trades near a critical 100-week simple moving average, a key support level for bulls.
- Strategy shares have already fallen below this average, signaling potential bearish trends for bitcoin.
- Bulls must defend this support to prevent further declines similar to Strategy's recent losses.
Top Stories
