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South Korea’s Toss, operated by Viva Republica, is processing a proprietary furniture 1 (L1) blockchain mainnet and autochthonal cryptocurrency to integrate crossed its payment, banking, and securities ecosystem, according to an April 6, 2026, study from the determination blockchain outlet Blockmedia.
Key Takeaways:
- Toss, operated by Viva Republica, is gathering an L1 blockchain mainnet and autochthonal coin to powerfulness its 30 million-user fiscal platform.
- South Korea’s pending Digital Asset Basic Law has delayed last decisions connected whether Toss pursues an L1 oregon L2 approach.
- A Stablecoin Task Force led by Chief Business Officer Kyuha Kim filed 24 KRW stablecoin trademarks successful June 2025, including “TOSSKRW.”
South Korea’s Toss Recruits Blockchain Engineers arsenic Mainnet Plans Advance successful 2026
The fintech institution Toss serves astir 30 cardinal registered users, adjacent to 60% of South Korea‘s population. Toss already operates Toss Bank, Toss Securities, and Toss Payments nether a azygous ace app. A blockchain mainnet would widen that infrastructure into onchain finance, giving the institution nonstop power implicit fees, governance, and exertion development.
Blockmedia reported that Toss is weighing 2 paths: gathering a afloat furniture 1 (L1) web from scratch oregon deploying a furniture 2 ( L2) solution connected apical of an existing chain. An interior root told the outlet that teams are inactive deciding, with a last telephone contingent connected advancement successful South Korea’s Digital Asset Basic Law.
A dedicated Stablecoin Task Force, led by Chief Business Officer Kyuha Kim, is already operating wrong the company. In June 2025, Toss filed trademarks for 24 Korean won stablecoin names, including “TOSSKRW.” The institution has been recruiting blockchain engineers since February 2026, posting roles covering wallet systems, API and transaction processing, node operations, cryptographic signing, and fiscal compliance.
Toss besides confirmed it is processing a Web3 wallet built straight into the existing app, requiring nary abstracted download. The wallet would enactment virtual plus storage, transfers, payments, and tokenized securities management.
A institution spokesperson confirmed the absorption successful a statement:
“We presumption integer asset-based fiscal infrastructure arsenic an important aboriginal country and are preparing for it. We are actively recruiting talented individuals with applicable expertise and broadly considering collaborations with assorted spouse companies, prioritizing exertion acquisition.”
At the 2026 Seoul Blockchain Meetup Conference successful March, Corporate Development Director Seo Chang-whoon introduced the company’s “Money 3.0” framework. The conception centers connected programmable wealth utilizing smart contracts, borderless concern operating without restrictions connected currency, geography, oregon time, and a stablecoin issuance and organisation strategy tied to existent fiscal services.
The presumption included a proof-of-concept linking its SohoScore small-business recognition exemplary with smart contracts for automated lending. Owning a mainnet gives Toss the quality to plan its ain interest operation and work rules, avoiding dependence connected outer chains oregon vulnerability to third-party governance changes.
Experts cited by Blockmedia noted this is simply a cardinal vantage implicit gathering connected nationalist networks. Prof. Seokjin Hwang of Dongguk University remarked that autarkic infrastructure avoids outer dependencies and improves concern scalability. Seungik Yoon of Tiger Research explained that a customized L2 connected a proven web could let faster tokenization.
Toss is not the lone Korean crypto-adjacent institution pursuing proprietary concatenation infrastructure. Dunamu, relation of Upbit, is processing Kiwachain, an Ethereum L2 network. Hashed is advancing Maru, an L1 focused connected Korean won stablecoins. Toss would participate that contention with a substantially larger existing idiosyncratic base.
Regulatory conditions stay a constraint. South Korea has not yet enacted the Digital Asset Basic Law, and existent commercialized colony and overseas speech laws complicate stablecoin issuance. Toss has structured its full blockchain recruitment and readying effort astir compliance readiness, according to the report.
The institution besides disclosed it is exploring partnerships with KB Financial and Samsung Card arsenic portion of its integer plus infrastructure plans. Neither steadfast has made nationalist statements connected those discussions.
Toss reported its archetypal profitable twelvemonth successful 2024, with consolidated gross of 1.956 trillion Korean won, oregon astir $1.4 billion, a 43% summation twelvemonth implicit year. The institution is targeting a U.S. IPO successful 2026 astatine a valuation supra $10 billion.
No motorboat day oregon method specifications for the mainnet person been confirmed. Plans stay successful the treatment phase, and the company’s adjacent steps beryllium connected some regulatory clarity and an interior determination connected L1 versus L2 architecture.
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