South Korea to trial tokenized bank deposits for government operational spending
South Korea to trial tokenized bank deposits for government operational spending
South Korea will launch a blockchain-based pilot in Sejong City to handle daily government operational spending through tokenized deposits.The Ministry of Economy and Finance plans to replace traditional government credit cards with programmable digital payments that feature predefined limits on timing and usage categories.The initiative targets a full rollout by the final quarter of 2026 and forms part of a strategy to digitize one-quarter of all treasury fund executions by 2030.