South Korean fintech giant Toss plans to develop blockchain technology and issue a native cryptocurrency.

DeepFlowTech · 2026-04-06T13:35:36+00:00

South Korean fintech company Toss plans to independently develop a blockchain network and issue a native cryptocurrency, considering launching tokens on the Layer 1 mainnet, while also potentially developing a Layer 2 network to improve scalability. However, progress faces difficulties due to delays in the legislative process of the Digital Asset Basic Act.

DeepFlowTech

2026-04-06 13:35:36

Abstract generation in progress

Deep Tide TechFlow news: On April 6, according to The Block, Korean fintech company Toss is planning to develop its own blockchain network and issue a native cryptocurrency.

Citing sources from Korean media Blockmedia, Toss is considering issuing a native token on a Layer 1 mainnet and may simultaneously roll out a Layer 2 network to improve scalability. At present, the company has not yet made a final decision on whether to adopt a Layer 1 or Layer 2 architecture.

The main reason for the delay in moving ahead with the decision is that the legislative process for South Korea’s “Framework Act on Digital Assets” has been delayed. The bill aims to establish a comprehensive regulatory framework for areas including token issuance, stablecoins, and crypto ETFs, and is still being drafted.

Toss has previously made moves in the Web3 space. Last year, the company filed dozens of trademark applications related to stablecoins and is developing a Web3 wallet that is deeply integrated with its mobile platform.

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