SOUTH KOREA | Bank of Korea May Start Live Deposit Token Tests in September

The Bank of Korea may begin live transaction tests of deposit tokens as early as September if preparations are completed on schedule. According to NS3.AI, the trials would be part of the second phase of Project Hangang and would not have a fixed end date. South Korea’s Ministry of Economy and Finance also plans a pilot project next year for tokenized government bonds linked to the Bank of Korea’s wholesale CBDC.