Gate News message, April 21 — Seoul City has announced plans to implement security token offerings (STOs) for public assets, allowing citizens to participate in public projects with small investments and share in the returns. The city posted a procurement notice on April 2 for a 10-month consulting project valued at approximately $2.97 million to develop and operationalize Seoul’s community REIT and STO framework.
According to Seoul City, the initiative aims to leverage blockchain technology to tokenize asset rights and explore new funding mechanisms for public projects. The city explained that traditional financing methods—limited to government budgets and private investment—have become insufficient as project scope and diversity have expanded. Through STOs and community REITs, residents can invest small amounts in public infrastructure and share in resulting profits, unlocking new asset utilization strategies and revenue models.
The consulting project will analyze STO concepts, structures, and comparable existing systems; propose operational frameworks and asset liquidity mechanisms; and identify suitable public properties for tokenization. Seoul City will also develop guidelines for selecting appropriate assets, propose project structures, identify pilot program candidates, and recommend necessary legal and regulatory amendments. Additionally, the project will support a community REIT pilot program, including case studies and establishment procedures.
Seoul City previously announced in September 2025 plans to launch a real estate STO pilot program, targeting one or two unused or underutilized public facilities—such as closed police boxes—for fractional investment trials. Meanwhile, Gyeonggi Province launched its own blockchain initiative on April 3, commissioning research into stablecoin adoption that includes local currency integration.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Inside Subway’s Total Overhaul Powered By Ripple Treasury
Here’s how Subway is unlocking new advantages and opportunities by leveraging Ripple Treasury solutions.
The latest online chatter highlights how Ripple, through Ripple Treasury, has bridged Subway, one of the leading companies in the fast-food industry, from the clutches of traditional finance (T
Blockzeit34m ago
JPMorgan Says Tokenization Will Transform Funds Industry, But 'Good Use Cases' Still Years Away
Gate News message, April 27 — Ciarán Fitzpatrick, JPMorgan's global head of ETF product and securities services, said tokenization should drive change across the entire funds industry. "We believe tokenization will certainly drive how the market changes, not just for ETFs but across the funds indust
GateNews2h ago
Pantera Capital Identifies South Korea as Leading Market for On-Chain Financial Infrastructure
Gate News message, April 27 — Pantera Capital, a global digital asset investment firm, has designated South Korea as a leading market rather than a follower in the blockchain industry, with potential to become one of the key nations building critical on-chain financial infrastructure within the
GateNews2h ago
Western Union to Launch USDPT Stablecoin in May, Introduces Digital Asset Network and Stable Card
Gate News message, April 27 — Western Union announced during its first-quarter earnings call on April 24 that its Solana-based stablecoin, USDPT, is in final preparation stages and is expected to launch next month. CEO and President Devin McGranahan stated: "It is no longer a question of if Western
GateNews3h ago
Babylon Foundation injects 3 million USDT into Aave, reinvesting the interest back into the ecosystem
According to the official announcement posted by Babylon Foundation on X on April 27, the foundation announced depositing $3 million USDT into Aave, including $2 million allocated to Aave V3 and $31M allocated to Aave V4, with the aim of expressing support for Aave and the DeFi ecosystem.
MarketWhisper5h ago
