Bank of Korea pilot participants are linking the test to commercial bank accounts on Naver Cloud while also discussing conditions for continuous deposit-token operations and a formal rollout.
South Korea's central bank digital currency experiment is moving into a more practical stage that connects the pilot with commercial banks' real account infrastructure, while the Bank of Korea and participating banks discuss how deposit tokens could operate continuously ahead of a formal rollout. ET News reported that banks in the pilot are building wallets, fiscal payment voucher functions, digital currency management tools and blockchain integration modules in a designated Naver Cloud environment. Briefing materials submitted by the Korea Federation of Banks indicate participants are also exploring ongoing issuance and operating conditions for tokenized bank deposits, pointing to efforts to move beyond limited testing toward wider use within the banking system.