South Korean central bank tests blockchain for bond markets

The Bank of Korea

South Korea’s central bank is testing a platform for bond transactions based on distributed ledger technology, a local media source reports.

The Bank of Korea (BoK) is investigating whether a blockchain-powered system could speed up transactions in the Korean bond markets, the report by Yonhap Infomax said.

The DLT project will involve separate nodes related to the bond transaction process, which include the BoK, the Korea Fair Trade Commission and eligible financial institutions.

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