Mark RadarMARK RADAR
中 EN
Event File CRYPTO South Korea Central Bank Digital Currencies (CBDCs)

South Korea to Test Tokenized Government Bonds Linked to CBDC in 2027

1 reports · First detected 2026-07-14 · Last active 2026-07-14

The Bank of Korea and the Ministry of Economy and Finance are accelerating efforts to tokenize sovereign debt. As financial technology advances globally, conventional government-bond trading faces bottlenecks including settlement delays and inefficient collateral management. Linking government bonds to wholesale central bank digital currency infrastructure could enable real-time delivery-versus-payment settlement and improve capital-market efficiency, making it a key area of financial innovation for central banks worldwide.

Under South Korea's economic policy plan for the second half of 2026, authorities have finalized plans to test the linkage of tokenized government bonds with a CBDC in 2027. The pilot will build on the Bank of Korea's Project Hangang and align with blockchain-based securities registration rules taking effect on February 4, 2027. Although authorities have yet to disclose the test's amount or scale, they plan to use tokenized deposits for public spending in the fourth quarter of 2026 to accelerate the development of digital-asset infrastructure.

All Coverage

1 original reports
COINTELEGRAPH.COM 2026-07-14
South Korea to test tokenized government bonds with CBDC in 2027

The Backstory

The history behind this event
Bank of Korea Advances Tokenized Government Bonds and Unified Ledger Plan2026-07-01 · 1 reports · similarity 0.83

The Bank of Korea is extending its Project Hangang wholesale central bank digital currency pilot to tokenized government bonds and commercial bank deposits. Government bonds are both a public financing tool and important financial-market collateral. Issuing, transferring and settling them on a blockchain-based unified ledger could reduce operational errors and settlement risk while creating common infrastructure for interbank digital-asset trading.

Bank of Korea Governor Hyun Song Shin told the European Central Bank Forum in Sintra, Portugal, on July 1, 2026, that tokenization could streamline collateral verification, booking and trade netting. The central bank plans to incorporate tokenized government bonds, a wholesale CBDC and bank deposits into a unified ledger. RWA.xyz data showed that tokenized U.S. Treasuries totaled $14.6 billion, accounting for about 46% of the $31.7 billion tokenized real-world asset market.

Mark Radar｜MARK RADAR
Past Issues・by MarkReadFintech