South Korea’s Toss Explores Own Digital Currency Amid Regulatory Delay
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Toss plans a native crypto token and is weighing Layer 1 vs Layer 2 for scalability while aiming to build a digital asset ecosystem (stablecoins, wallets, blockchain infrastructure). The company filed 24 trademarks for KRW stablecoins including 'TOSSKRW' and is in talks with major financial firms, signaling potential fundraising/partnerships and adoption intent. Launch timetable is being delayed by South Korea's Framework Act on Digital Assets, creating regulatory risk that slows the token launch and rollout.
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- Toss plans a digital currency, weighing Layer 1 vs Layer 2 for its blockchain strategy.
- Regulatory delays are slowing Toss’s digital currency launch and overall rollout timeline.
- Toss aims to build a digital currency ecosystem with stablecoins, wallets, and infrastructure.
South Korea’s fintech company Toss plans to launch its own digital currency. The firm is weighing a native token on a Layer 1 blockchain while also exploring Layer 2 options for faster, more scalable transactions. The plan is still on hold as delays in the Framework Act on Digital Assets slow decision-making.
As per a report, Toss plans to create a full digital asset ecosystem with stablecoins, wallets, and blockchain infrastructure. The company has filed 24 trademarks for Korean Won stablecoins, including ‘TOSSKRW’.
It is also in talks with major financial firms like KB Financial Gro…
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