South Korea's Ministry of Economy and Finance will pilot blockchain-based deposit tokens for executing government operational expenses, marking a significant expansion of the country's digital currency infrastructure into day-to-day public spending.
The ministry announced today that the project was selected as a 2026 regulatory sandbox initiative overseen by the Office for Government Policy Coordination. The pilot targets a full launch in Q4 2026, beginning in the administrative capital of Sejong City.
Under South Korea's National Treasury Management Act, government operational expenses, such as business promotion costs, must currently be processed through government-issued purchase cards. Transactions made during restricted periods, such as late nights or weekends, require additional post-use justification, creating administrative friction.
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