TLDR Tech / Crypto
South Korea Launches Blockchain Deposit Token Pilot for Government Treasury Payments
South Korea's Ministry of Economy and Finance designated a deposit-token-based treasury payments pilot as a 2026 regulatory sandbox project, enabling blockchain-based deposit tokens to be used instead of government purchasing cards for operating-expense payments. The Bank of Korea's "Project Hangang" is running the infrastructure, with nine major banks participating and KB Financial formally joining the deposit token payment and settlement service. The roadmap targets deposit tokens handling ~25% of national treasury payments by 2030, making this one of the most concrete government-level tokenized payment deployments anywhere in the world.
Read the full story