$MYSTMYST Price

On August 22, according to data from DefiLlama, the total market cap of stablecoins across the network has reached $303.07 billion, with a 7-day increase of 0.74%. The market share of USDT has risen to 60.43%.

On August 22, the Korea Exchange (KRX) announced that a new market for fragmented investment products based on various assets and rights, such as artworks, real estate, and music copyrights, is expected to officially open in November this year, allowing trading similar to stocks. KRX plans to establish this new securities market on November 16, with system development and preparations for market participants currently underway. Prior to this, KRX will conduct a six-week simulation trading period from October 6 to November 13. However, the actual opening date may be adjusted based on the approval progress of listed products by financial regulatory authorities. The term 'new securities' refers to financial products that are different from traditional securities with standardized rights structures like stocks and bonds, which are created by securitizing rights generated from various assets or businesses. Representative products include investment contract securities and non-monetary trust beneficiary securities, with different underlying assets such as artworks, real estate, music copyrights, film production, and livestock farming being utilized to develop fragmented investment products. After the market opens, investors will be able to buy and sell new securities through brokerage accounts. Trading hours will align with the stock spot market, from 9 AM to 3:30 PM, and it is initially expected to use limit order trading. Products that were previously traded in a limited manner through various fragmented investment platforms will officially enter the KRX's on-site market, which is considered significant. Meanwhile, new securities will also have listing thresholds. However, it is important to note that the new securities market established by KRX should not be simply viewed as a securities token trading market. The new securities traded in the on-site market in November will initially still be issued and registered under the existing electronic securities system. Securities tokens refer to securities that are issued and managed using a blockchain-based distributed ledger as a securities account book. The Financial Services Commission of South Korea has established a legal basis for issuing securities tokens and circulating investment contract securities through amendments to the Electronic Securities Act and the Capital Markets Act passed by the National Assembly in January this year. Relevant laws will officially take effect on February 4, 2027, after completing supporting regulations and infrastructure development.

On August 22, it was announced that a new market for fragmented investment products based on various assets and rights, such as artworks, real estate, and music copyrights, is expected to officially open at the Korea Exchange (KRX) in November this year, allowing trading similar to stocks. The KRX plans to establish this new securities market on November 16, with system development and preparations for market participants currently underway. Prior to this, KRX will conduct a six-week simulation trading period from October 6 to November 13. However, the actual opening date may be adjusted based on the approval progress of the listed products by financial regulatory authorities. The so-called new securities refer to financial products that are different from traditional securities like stocks and bonds, which have standardized rights structures, and are created by securitizing the rights generated from various assets or businesses. Representative products include investment contract securities and non-monetary trust beneficiary securities, with different underlying assets such as artworks, real estate, music copyrights, film production, and livestock farming being utilized to develop fragmented investment products. Once the market opens, investors will be able to buy and sell these new securities through brokerage accounts. Trading hours will align with the stock spot market, from 9 AM to 3:30 PM, initially expected to use limit order trading. Products that were previously traded in a limited manner through various fragmented investment platforms will officially enter the KRX's on-site market, which is considered significant. At the same time, new securities will also have listing thresholds. However, it is important to note that the new securities market established by KRX should not be simply viewed as a securities token trading market. The new securities traded in the on-site market in November will initially be issued and registered under the existing electronic securities system. Securities tokens refer to securities that are issued and managed using a blockchain-based distributed ledger as a securities account book. The Financial Services Commission of South Korea has established a legal basis for the issuance of securities tokens and the circulation of investment contract securities through amendments to the Electronic Securities Act and the Capital Markets Act, passed in the National Assembly in January this year. These laws will officially take effect on February 4, 2027, after completing supporting regulations and infrastructure development.