Gate News message, April 23 — South Korea's Korea Exchange (KRX) announced on April 23 that it is constructing a domestic tokenized securities (STO) platform and working to establish a new securities market to support the initiative. According to KRX Chairman Jung Eun-bo, the exchange is

POSCO International issued Korea's first non-financial blockchain digital bond (about 1.4 trillion KRW) with HSBC as lead underwriter, cutting settlement to three days. Abstract: POSCO International issued a blockchain-based digital bond in a private placement of about 1.4 trillion KRW, with HSBC as sole lead underwriter, marking the first such issue by a South Korean non-financial company and the second digital bond in the country after Mirae Asset Securities. The bond uses blockchain for issuance, registration, trading, and settlement, offering enhanced security, faster settlement, and broader global investor access (three-day settlement vs. five). This follows POSCO’s prior blockchain-based payment system deployment and aligns with Hong Kong's subsidy program to promote digital bonds. POSCO and HSBC plan further collaboration in blockchain, digital finance, and transformation, including potential STO market participation.

Seoul plans STOs and community REITs to tokenize public assets, enabling small investments in public projects; a 10-month, $2.97M consultancy will craft framework, pilots, and regulatory updates.

Gate News message, April 6, Onchain Lens monitoring shows that a whale address deposited 31 million STO tokens (worth about $5.86 million) in batches into multiple CEXs. This operation enabled the whale to profit by approximately $1.37 million. On-chain data shows that this address previously withdrew 31.06 million STO tokens from a certain CEX; at that time, the cost was about $4.49 million.

According to analysis, on April 5 an address received 30.99 million STO tokens worth $5.98 million, and then deposited 10 million tokens to a CEX, earning a profit of $207k. During the April 2 price peak, this batch of tokens was up by $52.33 million.

Gate News update: On April 2, according to Coinglass data, STO liquidated about $20.26 million in the past hour, including about $2.56 million liquidated on long positions and about $17.69 million liquidated on short positions. One user had their short position liquidated when the price touched around $2.55, with a position value of about $7.67 million. Previously, STO saw a brief plunge of over 50%; it is now trading at $1.

Gate News message, April 2nd, market data shows that STO’s short-term drop exceeds 50%, and it is currently trading at $1. Earlier reports indicated that an address transferred an STO token amount equal to 12.43% of the circulating supply into Gate.

Gate News update, April 2, according to market data, STO has dropped more than 60% in the past 20 minutes, and is currently trading at $0.69531. The intraday gain has narrowed to 98.31%.

Gate News message: April 2, according to market data, STO briefly touched 0.99 USDT, and is currently trading at 0.86 USDT, with a 24-hour gain of 280%.

Gate News message: On April 2, Onchain Lens monitoring shows that STO is up more than 200% over the past 24 hours. A newly created wallet extracted 11.76 million STO tokens from a certain CEX; at the time of extraction, the value was $2.94 million. At present, the value of this token is $6.99 million. In less than 24 hours, the wallet is up by $4.05 million.