The Future of STOs | Seo Dong-ju, Muhammad Ahmed, Sirius Holding Group CIO, and Sinedi Basan, Finstreet Co-Founder & Group CEO [Crypto PLUS]
- What to look for
- You can compare tokenized-securities (STO) legislation and stablecoins through Korean and UAE cases, and check the basis for tokenization market-size estimates and local-currency-denomination growth figures.
- Why it matters
- You can learn to treat announced frameworks and figures as study material rather than investment conclusions, to check regulatory clarity and reserve and redemption terms, and to distinguish speculative narratives from practical use cases.
AI summary
In a SamproTV interview, Sirius Holding Group CIO and DDSC CEO Muhammad Ahmed and the Finstreet co-founder and Group CEO discuss the state of tokenization and stablecoins, regulation, and Korea-UAE cooperation. They explain tokenization as representing financial assets such as equities, fund shares, and private assets on blockchain infrastructure, noting that tokenizing just 2~5% of the global securities market, worth hundreds of trillions of dollars, would surpass the crypto market. BlackRock, Franklin Templeton, and BNY are pursuing tokenized money market funds and rails, while Finstreet aims to build next-generation securities infrastructure in the regulated securities space, they say. They assess that Korea's tokenized-securities legislation provides legal certainty through Korea Securities Depository–authorized issuance and a phased approach running from money market funds and bonds to public securities and then stablecoin settlement. They say genuine transformation lies in going global beyond the domestic market, and that a UAE–Korea Gulf–Asia corridor is being pursued for mutual access between Korean assets and Gulf real estate, energy, and AI assets. Citing Visa research, they report that local-currency-denominated stablecoin supply grew about 90% year on year through 2026/2, outpacing 40% growth in dollar-denominated supply, and that DDSC is positioned as a dirham-denominated coin backed by dirham reserves. They conclude that the heart of regulation is clarity on issuance, backing, reserve protection, redemption, and custody and conversion, citing the UAE-style licensing and par-redemption framework as a reference, and — alongside the view that stablecoins are a coexisting layer rather than a bank replacement — advise Korean investors to verify regulation and focus on utility. All directional outlooks are the speaker's conditional judgments, not definitive short-term price predictions.