South Korea's Toss weighs building its own blockchain and issuing a native token

Toss, one of South Korea's largest payments and digital banking platforms, is evaluating plans to develop an in-house blockchain network and launch a native cryptocurrency, Odaily Planet Daily reported. Sources said the company is weighing a Layer 1 mainnet approach while also assessing Layer 2 scaling options. The architecture decision has not been finalized and is expected to hinge in part on the direction of South Korea's Digital Assets Basic Act, which would set rules for token issuance, stablecoins and crypto ETFs. (The Block)