South Korean fintech giant Toss plans to develop its own blockchain and issue a native cryptocurrency

By: rootdata|2026/04/06 22:42:01

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According to The Block, South Korean payment and banking giant Toss has revealed that it is considering developing its own blockchain network and issuing a native cryptocurrency, potentially based on a Layer1 mainnet, and exploring Layer2 scaling solutions.

Insiders say that Toss has not yet made a final decision on whether to adopt a Layer1 or Layer2 architecture, and the related decision is influenced by the progress of South Korea's "Basic Law on Digital Assets." This legislation will regulate key areas such as token issuance, stablecoins, and crypto ETFs.

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