South Korean Financial Giant Toss Considers Blockchain Network Development

South Korean payment and banking giant Toss is contemplating the development of its own blockchain network and the issuance of a native cryptocurrency. According to Odaily, the company is exploring the possibility of building on a Layer1 mainnet while also considering Layer2 expansion solutions. Insiders indicate that Toss has not yet finalized whether to adopt a Layer1 or Layer2 architecture. The decision is influenced by the progress of South Korea's Basic Act on Digital Assets, which aims to regulate key areas such as token issuance, stablecoins, and crypto ETFs.