South Korea plans to pilot tokenized government bonds linked to the Bank of Korea's CBDC, with a Q4 2026 launch and full regulatory framework by February

South Korea plans to pilot tokenized government bonds linked to the Bank of Korea's CBDC, with a Q4 2026 launch and full regulatory framework by February

Plans include the enactment of the Digital Asset Basic Act and advancement of a CBDC project linked to the tokenization of government bonds.

South Korea's Digital Asset Basic Act would regulate crypto issuance, trading, and custody while enabling spot Bitcoin ETFs and tokenized government bonds.

From tokenized public spending trials to government bond pilots, the state is aggressively pushing public finance onto distributed ledgers.