Woofun AI reports that South Korea will initiate a pilot program to tokenize government bonds on a blockchain connected to the Bank of Korea’s wholesale central bank digital currency. The initiative was announced during a cabinet meeting on July 14 as part of the 'Economic Growth Strategy for the Second Half of 2026.'

The pilot aims to evaluate the efficiency, security, and transparency of distributed ledger technology in sovereign debt markets.

Concurrently, the government plans to enact a 'Digital Asset Basic Act' to regulate stablecoins and business activities, while supporting amendments to the Capital Markets Act to introduce spot exchange-traded funds.