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Bank of Korea excludes stablecoins from bond tokenization settlement
Original: Bank of Korea to Use Only Institutional CBDC for Government Bond Tokenization Settlement, Excluding Stablecoins
The Bank of Korea has decided to use only a wholesale central bank digital currency for settling tokenized government bond transactions, excluding stablecoins from the process. The move signals that the central bank intends to keep settlement of tokenized sovereign debt within the institutional, central-bank-backed system rather than opening it to private stablecoin issuers. The decision is being watched closely as other central banks weigh how tokenized bond markets should be settled.
Why now: Central banks worldwide are deciding how digital money should underpin tokenized bond markets, and this ruling sets a clear institutional-only stance.
Bank of KoreaCBDCstablecoinsgovernment bonds
Evidence
- Bank of Korea to Use Only Institutional CBDC for Government Bond Tokenization Settlement, Excluding Stablecoins · BigGo Finance
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