TechFlow News: On April 16, according to CoinDesk, South Korea’s Ministry of Economy and Finance announced it will launch a blockchain-based deposit token pilot program in Sejong City in Q4 2026, replacing traditional government procurement card payments. The project has been approved under the 2026 Regulatory Sandbox Program, allowing institutions to pay business promotion expenses in tokenized deposit form. Token payments can be preconfigured with spending limits and eligible industry categories, helping reduce manual audit requirements and lowering transaction fees for small businesses by eliminating intermediaries such as card networks. This marks the second fiscal application of deposit tokens, following the first pilot conducted under an electric vehicle charging infrastructure subsidy program. If the pilot proves successful, South Korea’s Ministry of Finance plans to expand the program further.
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