Ethereum Foundation calls for South Korea to adopt public blockchains for STOs

South Korea should expand the use of public blockchains in its tokenized securities framework, as relying solely on private chains may hinder interoperability between financial institutions and limit access to global liquidity. This was stated at the second Ethereum Korea Policy Seminar in Seoul on Sept. 8. Adrian Lee, head of Asia-Pacific policy at the Ethereum Foundation, noted that South Korea's STO framework is primarily focused on private blockchains. While he acknowledged the rationale behind this approach, he highlighted practical risks that may not be immediately apparent and suggested that public blockchains could provide a viable solution. Matthew Dawson, co-founder of Ethereum Institutional, referenced JPMorgan as an example of public blockchain adoption, mentioning that the bank developed Quorum, a private blockchain utilizing Ethereum technology, and is now expanding its tokenization efforts within the public Ethereum ecosystem.

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