Tokenization Emerges as Structural Fix as Private Market Liquidity Stalls

Private markets are seizing up—and for founders and fund managers, it is no longer just a cyclical downturn. The deeper issue is that the capital recycling engine behind venture capital (VC) is stalling, raising the stakes for ‘tokenization’ as a structural fix rather than an optional experiment.

Across South Korea’s startup hubs—from Gangnam and Yeouido to Pangyo—late-stage fundraising has become markedly harder. Startups preparing Series B and C rounds are delaying timelines, accepting down rounds of 30–40% from prior valuations, or exploring outright sales. The stress is not limited to…  Read more

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