South Korea Pilots Tokenized Deposits for Government Spending
Cointelegraph
South Korea is launching a pilot project to test tokenized deposits for government operational spending, targeting a full rollout by late 2026.Summary
The South Korean Ministry of Economy and Finance is launching a blockchain-based pilot project to use tokenized deposits for government operational expenses. Initiated in Sejong City, the program aims to enhance fiscal transparency by utilizing programmable digital assets that enforce predefined spending limits and categories. By transitioning away from traditional government card reporting, the initiative seeks to reduce fund misuse and serves as a key step toward the government's goal of digitizing one-quarter of treasury fund executions by 2030.
(Source：Cointelegraph)