Gate News message, April 16 — South Korea’s Ministry of Economy and Finance announced that a blockchain-based digital currency pilot project for government treasury fund execution has been selected as part of the 2026 Regulatory Sandbox initiative led by the Presidential Coordination Office.
Under this program, the ministry plans to issue operational spending as deposit tokens on a blockchain network. The technology will enable pre-setting of usage time windows and permitted merchant categories, eliminating the inconvenience of post-transaction verification for late-night and weekend purchases. Additionally, the direct settlement structure removes intermediaries, reducing transaction fees for small business owners.
The ministry will select participating service providers and work with relevant agencies to finalize the scope of testing, with full-scale pilot operations scheduled to launch in the fourth quarter of 2026. Following operational results, the application scope will be expanded incrementally to other fiscal projects, while legal and regulatory improvements will be pursued in parallel.
This marks the second government treasury execution case using deposit tokens, following a pilot by the Ministry of Climate, Energy and Environment for electric vehicle charging infrastructure subsidies.
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