#UnifiedLedger
2 articles tagged #UnifiedLedger — curated RWA tokenization coverage.
BOK Creates Asset Tokenization Unit to Prepare Pilot for Tokenized Government Bonds
The Bank of Korea (BOK) has established a dedicated Asset Tokenization Team within its Digital Currency Office to spearhead the pilot program for tokenized government bonds. This organizational shift follows the bank's ongoing efforts under Project Hangang, which previously focused on deposit tokens and central bank money. The new team is tasked with developing a Unified Ledger framework designed to integrate deposit tokens, central bank money, and asset tokens into a single, cohesive platform. By consolidating these digital assets, the BOK aims to streamline the processes of remittance, clearing, and settlement into one efficient workflow. This initiative marks a significant expansion of the central bank's digital infrastructure strategy, moving beyond experimental deposit tokens toward the broader issuance of real-world assets. The move underscores the growing institutional interest in leveraging blockchain technology to modernize national financial systems. As the BOK integrates these assets, it positions itself at the forefront of central bank-led RWA adoption, potentially setting a global standard for sovereign digital bond management.
BOK’s Shin Says Tokenization Era Is Coming for Bank Deposits, Government Bonds
The Bank of Korea (BOK) is advancing plans to tokenize government bonds and commercial bank deposits on a unified ledger system to modernize financial infrastructure. Governor Hyun Song Shin presented findings from Project Hangang, which successfully demonstrated the stable operation of a unified ledger for central bank money and asset trading. By embedding transaction conditions directly into tokenized assets, the BOK aims to automate bond settlement and collateral management, moving away from current T+1 settlement cycles. This initiative represents a significant shift toward programmable "smart money" that executes transactions only when specific criteria are met. Furthermore, the BOK intends to integrate this system with Project Agora to streamline cross-border securities trading and foreign exchange. By enabling simultaneous ownership transfer and payment, the bank seeks to reduce settlement times and costs for international investors. This development underscores a global trend among central banks to leverage blockchain technology for enhanced monetary policy execution and financial stability.