: : [Asia/Report] Korea Needs Tokenized Deposit, and Strategies Beyond
Written by Heechang

- Tokenized cash is already settling wholesale markets around the clock, while stablecoin migration could erode the deposit base, so banks must offer money that works on onchain rails.

- Tokenized deposits answer both pressures. The client gains onchain settlement while the claim stays a deposit, preserving insurance, interest, and the lending relationship.

- Korean banks can build this today through Project Hangang, and the JPMD precedent shows deposit tokens can reach public blockchains under whitelisted access ahead of the stablecoin law.

- The law sets the sequence. Build deposit token rails now, prepare won stablecoin issuance for when the Digital Asset Basic Act passes, and move before others capture the flow.

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