Danal(064260) said on the 27th that it was selected as a participating organization for the "expansion of deposits token-based payment infrastructure" project under the "2026 Blockchain innovation-leading project," which the Ministry of Science and ICT and Korea Internet & Security Agency (KISA) are promoting.

The project will be run as a private consortium led by the Korea Financial Telecommunications and Clearings Institute, with nine commercial banks, eight payment gateways (PG; Payment Gateway), and two large demand-side companies participating. Linked with the Bank of Korea's Central Bank Digital Currency (CBDC; Central Bank Digital Currency) pilot project system "Project Hangang," it aims to spread deposits token payments to the private sector.

Baek Hyun-suk, Danal CEO./Courtesy of Danal

Danal will participate in this project as a payment company to build online and offline payment services using deposits tokens and to provide stable payment infrastructure across various merchant environments. The company will connect payment systems so that deposits tokens issued by the banking sector can be used in real commercial settings and will establish a payment environment that consumers and merchants can use conveniently.

A Danal official said, "This project is an important initiative that lays the groundwork for deposits tokens to be used in real commercial environments," adding, "We will focus on building a payment environment that both consumers and merchants can use conveniently."

※ This article has been translated by AI. Share your feedback here.