Lucentblock's fate in balance as FSC reviews STO exchange bids

South Korea's Financial Services Commission (FSC) is set to discuss preliminary approval for over-the-counter security token offering (STO) exchanges during its regular meeting at 5:00 a.m. UTC today, Edaily reported. The decision is critical for Lucentblock, a startup that has operated a real estate fractional investment business for the past seven years under a regulatory sandbox and now faces elimination. The FSC did not table the agenda item in its meetings on Jan. 14 and Jan. 28, leading to expectations of a decision today, though a further delay remains possible. On Feb. 7, the FSC's Securities and Futures Commission (SFC) selected two consortiums for the review: one led by the Korea Exchange and Koscom (KDX), and another by Nextrade and Musicow (NXT). If the FSC upholds the SFC's selections, Lucentblock will be excluded from the process.