Major banking heavyweights join a massive blockchain network test that will allow retail consumers to trade tokenized won freely across commercial lines.
- The Bank of Korea will enter the second phase of its central bank digital currency pilot in September, expanding real-transaction testing to nine major banks.
- The project will use BOK-provided infrastructure while participating banks issue and manage deposit tokens, laying the groundwork for potential commercialization of a digital won.
- South Korea’s CBDC push comes alongside banks’ preparations for won-backed stablecoins and a government plan to classify cryptocurrencies as national assets, even as only a few countries worldwide have fully launched CBDCs.
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Crypto Flows, Share and the Selective Rotation
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Why it matters :
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Russia’s largest bank Sberbank plans crypto trading infrastructure by December
North Korea arrests hackers accused of laundering stolen funds from country's bank via crypto
Robinhood Chain's real-world assets jump fivefold as tokenized stocks start trading in bigger size
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