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Search results for Korea Financial Telecommunications and Clearings Institute

Crypto

Danal joins science ministry project to expand deposit token payment infrastructure

Danal will build online and offline payment infrastructure based on deposit tokens in connection with the Bank of Korea’s central bank digital currency pilot, Project Hangang. The company aims to use existing payment networks to reduce merchants’ system-building burden while improving settlement cycles and payment fees. Danal was selected to join a 2026 blockchain innovation project led by the Ministry of Science and ICT and the Korea Internet & Security Agency.

Crypto

KB Kookmin Bank joins deposit token-based payment infrastructure expansion project

KB Kookmin Bank will build deposit token payment infrastructure using existing payment networks after being selected for a blockchain innovation project run by the Ministry of Science and ICT and KISA. The project, led by the Korea Financial Telecommunications and Clearings Institute with support from the Ministry of Economy and Finance and the Bank of Korea, aims to create private-sector infrastructure based on a CBDC deposit-token test. The bank plans cooperation with PG and VAN firms and related tech development.

Crypto

Government steps up blockchain-based deposit token payment infrastructure rollout

The Korea Internet & Security Agency and the Ministry of Science and ICT said they have launched a 2026 blockchain project to expand payment infrastructure based on deposit tokens. The project will be led by the Korea Financial Telecommunications and Clearings Institute, with a consortium including 9 commercial banks, 8 payment service providers and 2 large demand-side firms. The 9.6 billion won project will link existing payment infrastructure with the Bank of Korea’s Project Hangang system.