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Danal Selected for South Korea's Deposit Token Payment Infrastructure Project on July 27

Partnerships & Ecosystem

2026-07-27 04:01:54

Danal6.07%

According to Danal, the company was selected on July 27 as a participating organization in the South Korean Ministry of Science and ICT and KISA's '2026 Blockchain Innovation Leading Project,' specifically the 'Deposit Token-Based Payment Infrastructure Expansion Initiative.' The project operates as a private consortium led by Korea Financial Telecommunications and Clearings Institute, involving nine commercial banks, eight payment gateway providers, and two major merchants. The initiative aims to expand deposit token payments into the private sector through integration with the Bank of Korea's central bank digital currency (CBDC) pilot program, Project Hangang.

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