Central Banks Of South Korea And France Corporate To Embrace Tokenization

The central banks of France and South Korea have launched cooperation on tokenized cross-border payments and digital asset frameworks

According to reports, the Bank of Korea stated that it discussed stablecoins and the evolving role of banks in a tokenized financial system with France's central bank.

The Bank of Korea has also been advancing its own CBDC framework under “Project Han River,” launched in 2023, with real-transaction testing now entering a second phase last month.

On the other hand, the Banque de France has been among Europe's most active advocates of CBDCs, leading pilot programs on wholesale CBDCs (wCBDCs) to enhance cross-border payments and test their use as settlement assets for tokenized securities.

The latest discussions are expected to deepen policy coordination between the two sides.