Bank of Korea to use institutional CBDC, not stablecoins, for bond tokenization pilot
- —Bank of Korea ruled out private stablecoins for settling tokenized government bonds
- —Project Hangang expands from 7 to 9 banks, adding Kyongnam Bank and iM Bank
- —Real-transaction participants to grow from 100,000 to 500,000
- —2026 project budget is 12.52 billion won, up 61.8% year-on-year
Why it matters: A major central bank betting on CBDC over stablecoins sets the tone for digital settlement regulation across Asia.
Source: Bloomingbit
More on this
Regulation · Oct 1Bank of Korea forms digital currency advisory council on CBDC and deposit tokens
Macro · Sep 30Hitachi extends participation in Bank of Japan CBDC pilot through July 2027
Regulation · Sep 25Uzbekistan central bank approves fintech strategy through 2030 with tokenization and wholesale CBDC