The Bank of Korea has established a new 'Asset Tokenization Team' under its Digital Currency Department through an organizational restructuring, Edaily reported. This move signifies the elevation of tokenization experiments to actual institutional and operational lines, marking a full-scale commencement of designing future financial infrastructure. A Bank of Korea official stated, “Developed countries such as the US, UK, and Japan have already entered the commercialization phase of converting government bonds to digital form or have completed their designs.” He added, “We have also been continuously conducting internal experiments, and the establishment of the asset tokenization team is the first step to ensure our finance does not fall behind in global competition.”
