South Korea Plans to Tokenize Government Bonds in 2027 Via Blockchain

South Korea's Ministry of Economy and Finance (MOEF) plans to update the national asset management system under the 1950 State Property Act through the Basic National Assets Act, explicitly including digital assets and intellectual property in the definition of national assets. According to Odaily, the MOEF also reiterated its plan to tokenize government bonds via blockchain in a 2027 pilot program to lower transaction costs, while exploring tokenization of state-owned real estate to facilitate retail participation and share some returns with the public. The South Korean government this week announced its economic growth strategy for the second half of 2026, planning to pilot the connection of tokenized government bonds to the central bank digital currency (CBDC) infrastructure in 2027 and study the interoperability of the Bank of Korea (BOK) CBDC infrastructure with other blockchains. On April 16, the MOEF announced it would use tokenized deposits to execute government operational expenditures, with a full rollout planned for the fourth quarter of 2026. Revisions to South Korea's Capital Markets Act and Electronic Securities Act will take effect on February 4, 2027, legally recognizing blockchain ledgers as valid securities registries.