Bank of Korea advances deposit token project toward full-scale deployment
South Korea has moved closer to deposit token commercialization as banks and the central bank prepare an expanded pilot phase.
➤ The Bank of Korea is advancing its deposit token project towards full-scale deployment, with an expanded pilot phase involving commercial banks. ➤ The next phase will introduce person-to-person transfers, more merchants, and bank-specific services, alongside a B2B treasury payment program for government subsidies. ➤ Participating banks are urging the central bank for a long-term commercialization roadmap due to significant technology and compliance investment requirements.















