South Korea’s Central Bank Is Building a New Blockchain System for the Bond Market

Coindesk | Feb 20, 2020 at 4:00 AM
  • The Bank of Korea (BOK) is looking at developing a new blockchain system for the Korean bond market, one of the largest such markets in Asia.
  • Korean financial news site Yonhap Infomax confirmed Tuesday the Korean central bank was looking for a company that can build a new blockchain system that would improve record-keeping for the market.
  • The system would be designed to be shared between relevant financial institutions, as well as the BOK and the Fair Trade Commission (FTC), Korea’s financial watchdog.