Woofun AI reports that South Korea’s Ministry of Finance has outlined plans to advance the tokenization of government bonds using blockchain technology. The ministry intends to launch pilot projects for these tokenized bonds by 2027 to reduce transaction costs, while simultaneously introducing a deposit token system to manage national treasury funds and prevent illegal misuse.

Additionally, the ministry aims to restructure state-owned asset management, incorporating intellectual property and virtual assets into a unified framework under a proposed National Asset Basic Law.