27-5-2025 – South Korea’s central bank has embarked on a pioneering study into the marriage of deposit tokens with public blockchain networks.
Speaking at the prestigious Blockchain Leaders Club gathering, Bank of Korea Vice Governor Lee Jong-ryeol outlined an ambitious vision where state-backed digital tokens could potentially operate alongside privately issued stablecoins in a harmonious ecosystem.
The initiative marks a watershed moment in the evolution of digital currency, with deposit tokens emerging as a novel breed of stablecoins under central bank oversight. These tokens represent a carefully crafted compromise between conventional banking principles and cutting-edge blockchain technology.
This strategic exploration reflects Seoul’s growing recognition of blockchain’s transformative potential in reshaping monetary systems. The research underscores South Korea’s commitment to remaining at the forefront of financial innovation whilst maintaining robust regulatory standards.
