South Korea expands state assets; Japan tightens 'crypto' rules

South Korea is modernising state asset management to include digital assets and tokenised government bonds, with a 2027 pilot programme to reduce transaction costs and a February 2027 rollout of tokenised securities rules. Japan has reclassified digital assets as financial instruments under stricter trading rules, insider-trading prohibitions, and criminal penalties of up to ten years imprisonment for unregistered operators.

This Wire brief sits within Fusion42's coverage of Crypto & Web3. Wire is Fusion42's founder-focused intelligence feed: each story is connected to the funds and startups it names — every one with a live profile on Raise or Scout — so founders can follow the capital and the momentum behind the headline rather than just the headline itself. Wire analysis is one of the live surfaces Arthur reasons over.