South Korea Eyes September for Second Phase of CBDC Pilot

Bank of Korea prepares for live CBDC transactions with 9 banks in September

The Bank of Korea’s upcoming pilot will test live transactional rails for institutional deposit tokens to future-proof the nation's financial infrastructure.

South Korea Eyes September for Second Phase of CBDC Pilot

South Korea could launch the second phase of its Project Hangang CBDC pilot in September, expanding to nine banks and testing government subsidy payments.

CoinStats - Bank of Korea Scales Up CBDC Pilot With Half ...

Phase 1 of Project Hangang opened 81,000 wallets with 42% of them using the CBDC. Phase 2 is bigger, and this time it moves real government money.

Bank of Korea Launches CBDC Pilot With 9 Banks in September

The Bank of Korea (BOK) is set to begin the second phase of its central bank digital currency (CBDC) pilot in September, expanding real-world transaction testing to nine commercial banks as the country moves closer to commercializing a digital won. According to a local report from Yonhap News Agency on Monday, the next stage of Project Hangang will shift from limited payment trials to live transactions using bank-issued deposit tokens settled on…

Korea's CBDC Pilot Scales to 500,000 Users With Government Money on the Rail

South Korea's Project Hangang Phase 2 is infrastructure for programmable state money, and it just got official cover to run indefinitely.Key takeawaysSouth Korea's Financial Services Commission officially designated Project Hangang Phase 2 as an "innovative financial service" on July 15, 2026, clearing nine banks to issue deposit tokens to up to 500,000 users, with live large-scale transactions planned for September.Phase 2 moves real government…