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cryptoJul 14, 2026, 1:05 PM

South Korea to Test Tokenized Government Bonds in 2027

South Korea will pilot tokenized government bonds in 2027, settling transactions with a wholesale CBDC for financial institutions. The initiative extends Project Hangang, using a unified platform for bond transfers, payments, and smart contract automation.

South Korea plans to launch a pilot for tokenized government bonds in 2027, with settlements linked to a wholesale central bank digital currency (CBDC) designed for banks and financial organizations.

The initiative builds on Project Hangang, South Korea's CBDC infrastructure. The unified platform will enable simultaneous transfer of bonds and payments, as well as automate operations through smart contracts. This marks a step toward integrating blockchain-based securities with official digital currency systems.

Source: ForkLog