South Korea’s Ministry of Economy and Finance plans to begin a blockchain-based tokenized deposit pilot for government spending in Sejong City in the fourth quarter of 2026, after selecting vendors. The project will test deposit tokens as an alternative payment mechanism for public expenses and is intended to improve operational efficiency compared with existing government card payment systems. The trial will run under the country’s regulatory sandbox framework and builds on the government’s broader effort to examine tokenized deposits for public-sector payment and disbursement functions.