NEOPIN works with Japan’s Jasmy to develop RWA-based DeFi products

Fair Square Lab to Develop Blockchain-Based Shareholder Meeting PlatformSouth Korean Web3 technology company Fair Square Lab announced on Friday that it is in the process of developing a blockchain-based platform for holding electronic shareholder general meetings. The firm said that it has applied for two patents for technologies related to blockchain-based electronic shareholder meetings. One is related to their operation methods and systems, and the other is associated with the utilization of voting rights tokens.Photo by Benjamin Child on UnsplashEmpowering shareholdersIn shareholder general meetings, many minority shareholders are often unable to attend in person, thereby finding it difficult to effectively exercise their opinions or rights during the decision-making process of a company. Fair Square Lab’s pending patents aim to address this issue by enabling more shareholders to easily participate in shareholder meetings through an electronic medium. Utilizing blockchain technology would also ensure the integrity and security of voting processes.Fair Square Lab’s growing portfolioWith this latest development, Fair Square Lab is now poised to possess a total of eight blockchain-related patents. Its other patents encompass areas like managing wallets in the blockchain network, generating wallet addresses for security token platforms, and preventing erroneous transfers of security tokens on a blockchain network. The company said that it is continuously working to secure intellectual property rights for its blockchain business, including design patents and its own trademark.“We have been consistently striving to secure intellectual property rights by linking research and development with the core blockchain technologies that we have accumulated over the years. We plan to obtain a total of 12 core technology patents by the end of this year,” said Jake Kim, CEO of Fair Square Lab.

Korea Securities Depository Spotlights the Significance of a Security Token PlatformDuring a press conference held today in Seoul, Chairman Lee Soon-ho of the Korea Securities Depository (KSD) highlighted the need for developing innovative financial infrastructure, including a security token platform, as reported by local tech news outlet etnews.Photo by JEONGUK -on UnsplashBlockchain-based securitiesIn recent times, there has been a surge in demand for blockchain-based securities, prompting the South Korean government to issue guidelines on security tokens in February of this year. Consequently, securities firms, fractional investment platforms, and technology companies have been collaborating to form consortia.The KSD has been actively studying the legislative and institutional aspects of security tokens to establish a foundation for their widespread acceptance. Furthermore, it has devised a mid-to-long-term roadmap for the security token platform. Since February, the KSD has been spearheading a security tokens council with an aim to develop a business model for a security token platform starting in July.KSD’s roleSpecifically, the KSD intends to provide feedback on subsequent legislative revisions pertaining to security tokens, review security token registrations, and establish methods for managing the total volume of security tokens under the Act on Electronic Registration of Stocks and Bonds.Additionally, the KSD aims to expedite the construction of a new system for the capital market infrastructure. This endeavor entails revamping the operational system to enable flexible responses to internal and external changes, as well as creating a smart workplace suited for the digital era.Since its establishment in 1974, the KSD has played a crucial role in supporting the development of the Korean capital market by providing diverse securities services, including the issuance and distribution of securities. Nonetheless, participants at the conference concurred that the agency needs a fresh vision and strategy to maintain its position in the future.Chairman Lee emphasized that the agency’s 50th anniversary will take place next year, prompting a thorough assessment of its current status and the formulation of a new vision and strategy to adapt to the ever-evolving financial landscape. As part of these efforts, he underscored the recent establishment of a task force dedicated to devising future plans.

Vietnam has launched a five-year pilot program imposing stringent new rules on the cryptocurrency industry, signaling a move toward tighter control over the rapidly growing sector. According to a Sept. 9 report from the Government Electronic Newspaper, cited by Cointelegraph, the resolution put the regulatory framework into immediate effect. The move aims to establish clear rules for the trading and issuance of crypto assets in the country.Photo by Silver Ringvee on UnsplashLocal currency and licensing requirementsUnder the new pilot program, all crypto transactions must be conducted in the local currency, the Vietnamese dong. The rules stipulate that only Vietnamese-registered enterprises may issue digital assets, while foreign investors can access them only through crypto asset service providers (CASPs) licensed by the Ministry of Finance. Firms seeking a license face high barriers to entry. Applicants must demonstrate profitable business operations for the two consecutive years preceding their application. Furthermore, CASPs are required to maintain a minimum capital of 10 trillion dong (approximately $379 million). The pilot also places firm restrictions on the nature of crypto assets themselves. They must be backed exclusively by real, tangible assets. The issuance of assets backed by fiat currencies or securities is prohibited. Broader legal contextThis pilot program follows the country's decision in June to officially legalize digital assets, with the new law set to take effect on Jan. 1, 2026. The legislation categorizes digital assets into two types: virtual assets, used for exchange or investment, and crypto assets, which rely on encryption for validation. The law clarifies that neither category includes securities, digital representations of fiat currency, or other financial instruments already defined under existing civil and financial laws. The framework also mandates that regulatory agencies implement robust measures to ensure cybersecurity and combat money laundering and terrorism financing. High adoption and tech initiativesThe government's focus on regulation comes as no surprise, given Vietnam's position as a global leader in cryptocurrency adoption. A recent study by Chainalysis ranked Vietnam fourth in its 2025 Global Crypto Adoption Index, highlighting widespread grassroots activity across both centralized and decentralized platforms, similar to trends seen in India and Pakistan. Beyond regulation, Vietnam is actively leveraging blockchain technology for national infrastructure. The government has deployed NDAChain, a national blockchain platform designed to authenticate and trace data origins. Developed by the National Data Association, it aims to provide a decentralized layer of trust for critical systems in e-government, finance, healthcare, and education, addressing the vulnerabilities of centralized data models. Hanoi's crypto ambitions also extend beyond its borders. Last month, Vietnam's Military Bank signed a memorandum of understanding (MOU) with Dunamu, the operator of South Korea’s largest crypto exchange, Upbit. The partnership is aimed at developing Vietnam’s financial landscape, with Dunamu providing expertise on establishing a crypto exchange, building a regulatory framework, and implementing investor protection measures.