APAC · Jurisdiction
South Korea
- verified items
- 7
- tracked initiatives
- 1
- banks with licence / notification
- 0
- upcoming dated deadlines
- 2
What banks are doing (observed)
Observed in verified tracker records — what banks in this market have verifiably been authorised for or launched. Not legal advice; open each source for scope.
No authorised or live bank initiative in our verified data for this market.
Key rules & official statements
Verbatim from regulator, central bank and standard-setter sources (Tier 1). Quotes are string-matched against the live page before every deploy.
- T1RegulatorAPACBank of Korea says Project Hangang deposit-token live transactions for the public will start from year-end, with banks holding 7% reserves against tokens
“현재 한국은행 디지털화폐 연구개발 규정에 따라 은행은 예금 토큰 발행액의 7%를 지급준비금으로 적립해야 하며, 발행 은행의 파산 위험에 대비하여 예금보험도 적용된다.”
Bank of Korea (opens source in new tab) · Official blog / explainer
- T1RegulatorAPACKorea’s FSC proposes rules to let stocks, bonds and funds be issued and traded as tokenized securities from 4 February 2027
“The types of securities allowed to be issued and circulated in a tokenized form will include traditional securities types, such as stocks, bonds, and funds, along with fractional investment securities in the form of non-monetary trust beneficiary certificates and investment contract securities.”
Financial Services Commission (Korea) (opens source in new tab) · Consultation
- T1RegulatorAPACBank of Korea study: USD stablecoin demand could start moving the won as Korea's digital asset market opens up
“These findings suggest that linkages between USD stablecoin and FX markets could strengthen as Korea's digital asset market structure evolves, particularly with greater participation by corporations and foreign investors.”
Bank of Korea (opens source in new tab) · Research note
- T1RegulatorAPACBank of Korea Governor Shin: government plans to pay a quarter of central government treasury payments through the Project Hangang platform by 2030
“Now the government has a plan to use the tokenization platform that we have, to disburse a quarter of all the central government treasury payments by 2030.”
- T1RegulatorGlobalBIS Project Agorá completes real-value testing with 28 institutions, including five Korean banks settling KRW alongside the Bank of Korea
“Twenty-eight financial institutions and central banks across Asia, Europe and North America completed transactions in a selection of currencies totalling approximately CHF 800,000.”
Bank for International Settlements (opens source in new tab) · Pilot
- T1RegulatorAPACBank of Korea issue note: tokenized assets should settle first in central bank money and tokenized deposits, with stablecoins supplementary
“Lastly, for settlement of tokenized assets, priority should be given to central bank money (including central bank digital currency) and commercial bank deposits (including tokenized deposits), with stablecoins being utilized in a supplementary capacity, in order to maintain the singleness of money.”
Bank of Korea (opens source in new tab) · Research note
Deadlines & key dates
Dates are quoted from the official text; undated rules are shown as stated. All deadlines
11 Nov 2026
Comment period on FSC subordinate-rule revisions for tokenized securities closes
Korea tokenized securities (FSCMA / Electronic Registration Act) · Comment deadline · Financial Services Commission (Korea) (opens source in new tab)
4 Feb 2027
Tokenized securities issuance and circulation framework takes effect
Korea tokenized securities (FSCMA / Electronic Registration Act) · Rules take effect · Financial Services Commission (Korea) (opens source in new tab)
Licensed / notified banks
Banks whose initiative carries a regulator record (authorisation) or a MiCA Art. 60 notification in our tracker.
None in our verified data.
Tracked bank initiatives
KB Kookmin Bank, Shinhan Bank, Woori Bank, Hana Bank, NongHyup Bank, BNP Paribas, BNY, CaixaBank, Citi, Deutsche Bank, J.P. Morgan (Kinexys), Lloyds Banking Group, Mizuho Bank, MUFG Bank, PostFinance, Standard Chartered, SMBC, UBS
Project Agorá real-value testing: tokenised deposits and tokenised reserves for wholesale cross-border payments
UnknownPilot / proof of conceptUnknown
Latest verified items
- T2Bank / FMIAPAC
SBJ Bank, JPYC and LINE NEXT sign MOU for a proof of concept linking bank accounts to yen stablecoin wallet top-ups
- T1RegulatorAPAC
Bank of Korea says Project Hangang deposit-token live transactions for the public will start from year-end, with banks holding 7% reserves against tokens
- T1RegulatorAPAC
Korea’s FSC proposes rules to let stocks, bonds and funds be issued and traded as tokenized securities from 4 February 2027
- T1RegulatorAPAC
Bank of Korea study: USD stablecoin demand could start moving the won as Korea's digital asset market opens up
- T1RegulatorAPAC
Bank of Korea Governor Shin: government plans to pay a quarter of central government treasury payments through the Project Hangang platform by 2030
- T1RegulatorGlobal
BIS Project Agorá completes real-value testing with 28 institutions, including five Korean banks settling KRW alongside the Bank of Korea
- T1RegulatorAPAC
Bank of Korea issue note: tokenized assets should settle first in central bank money and tokenized deposits, with stablecoins supplementary
Authorities: Financial Services Commission (Korea) · Bank of Korea
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99 quote-verified items · 97 bank initiatives tracked · 27 jurisdictions
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