South Korea Unveils Public Blockchain Deposit Tokens Pilot Program

The Bank of Korea is taking a bold step towards the future of finance by exploring the use of public blockchains for deposit tokens. Launching in April and June 2025, this trial will involve 100,000 participants who can convert their bank deposits into digital tokens. This move signifies a shift away from traditional closed systems and could significantly impact South Korea’s financial landscape as the country’s large crypto trading population is set to be further impacted.