South Korea to trial tokenized bank deposits for government operational spending

cryptonews

Apr 16

South Korea is moving toward a more transparent public ledger by testing tokenized deposits for day-to-day government spending in a new regulatory sandbox trial. Summary South Korea will launch a...

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deposits for day-to-day government spending in a new regulatory sandbox trial.\n\n\nSummary\n\n\n\nSouth Korea will launch a...</p>\n\n<a href=\"https://crypto.news/south-korea-to-trial-tokenized-bank-deposits-for-government-operational-spending/\">Source Link</a>\n\n</div>\n","source":"crypto_news_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>South Korea to trial tokenized bank deposits for government operational spending</title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSouth Korea to trial tokenized bank deposits for government operational spending\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-04-16 18:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/south-korea-to-trial-tokenized-bank-deposits-for-government-operational-spending/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>South Korea is moving toward a more transparent public ledger by testing tokenized deposits for day-to-day government spending in a new regulatory sandbox trial.\n\n\nSummary\n\n\n\nSouth Korea will launch a...</p>\n\n<a href=\"https://crypto.news/south-korea-to-trial-tokenized-bank-deposits-for-government-operational-spending/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7084","symbol_name":"电子设备和仪器","start_time":0,"source_url":"https://crypto.news/south-korea-to-trial-tokenized-bank-deposits-for-government-operational-spending/","article_id":"2627299101","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/south-korea-to-trial-tokenized-bank-deposits-for-government-operational-spending/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2627299101","pubTimestamp":1776334155,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"South Korea is moving toward a more transparent public ledger by testing tokenized deposits for day-to-day government spending in a new regulatory sandbox trial.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.According to the Ministry of Economy and Finance , the government has selected a pilot project that uses blockchain-based deposits to handle operational expenses, with a full rollout scheduled for the fourth quarter of 2026.This initiative will initially launch in Sejong City, replacing the current system where officials use government-issued credit an","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7084":"电子设备和仪器","DLT.AU":"Delta Drone International Ltd"},"translate_title":"韩国将试行代币化银行存款用于政府运营支出","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DLT.AU":1},"content_text":"South Korea is moving toward a more transparent public ledger by testing tokenized deposits for day-to-day government spending in a new regulatory sandbox trial.\n\n\nSummary\n\n\n\nSouth Korea will launch a blockchain-based pilot in Sejong City to handle daily government operational spending through tokenized deposits.\nThe 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.\nThe 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.\n\n\n\nAccording to the Ministry of Economy and Finance (MOEF), the government has selected a pilot project that uses blockchain-based deposits to handle operational expenses, with a full rollout scheduled for the fourth quarter of 2026. \nThis initiative will initially launch in Sejong City, replacing the current system where officials use government-issued credit and debit cards for official business. \nUnlike traditional payments that rely on post-use reporting to catch errors, this digital framework allows authorities to pre-set spending conditions, such as specific time windows and permitted categories, to ensure funds are used exactly as intended.\nStrengthening oversight through technology\nThese tokenized deposits act as digital versions of standard bank deposits held on a distributed ledger. Because they remain liabilities of participating commercial banks and operate within existing financial systems, they offer more stability than private stablecoins.\nThe MOEF confirmed that nine major banks—including KB Kookmin, Shinhan, Woori, and Hana—are participating in the experiment to issue and manage these tokens. This infrastructure effectively links the government’s Digital Budget and Accounting System (dBrain) with the blockchain, creating a traceable path for every won spent.\nBy moving beyond one-off subsidies and into recurring operational costs, the ministry expects to see a significant reduction in the misuse of public funds and a decrease in settlement times.\nThe sandbox environment provides a legal carve-out for this trial, as current regulations typically mandate that such expenses be processed through specific physical cards. \nMoving to a programmable system allows for a level of oversight that traditional banking cannot match, potentially lowering transaction fees for small businesses receiving government payments by removing traditional card network intermediaries.\n“The trial will serve as a basis for evaluating new payment and settlement methods, with potential implications for fiscal operations if the model proves viable,” the ministry stated.\nIntegrating distributed ledger technology (DLT) aligns with a long-term strategy to digitize South Korea’s treasury. The MOEF previously disclosed a target to convert 25% of all treasury fund executions to digital currency by 2030. \nSuccess in Sejong City will likely lead to legislative updates intended to scale this model across all branches of the national government.\nThe initiative builds on a previous project launched in March involving the Environment Ministry and the Bank of Korea, which utilized tokenized deposits to manage 30 billion won in subsidies for electric vehicle charging stations.\n\n\n\n\n\n                Read more:\n            \n\n                CFTC probes “well-timed” oil traders involving Trump administration Iran announcements","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}