"Toss serves roughly 30 million registered users, close to 60% of South Korea's population. A blockchain mainnet would extend that infrastructure into onchain finance, giving the company direct control over fees, governance, and application development."
"Toss is weighing two paths: building a full layer one (L1) network from scratch or deploying a layer two (L2) solution on top of an existing chain. A final call is contingent on progress in South Korea's Digital Asset Basic Law."
"A dedicated Stablecoin Task Force, led by Chief Business Officer Kyuha Kim, is already operating inside the company. In June 2025, Toss filed trademarks for 24 Korean won stablecoin names, including TOSSKRW."
Toss, operated by Viva Republica, is creating a proprietary layer one blockchain mainnet and native cryptocurrency to integrate its payment, banking, and securities services. The company serves around 30 million users, nearly 60% of South Korea's population. Toss is considering whether to build a full layer one network or a layer two solution, with decisions pending on the Digital Asset Basic Law. A Stablecoin Task Force has filed trademarks for 24 stablecoin names, including TOSSKRW, and Toss has been actively recruiting blockchain engineers since early 2026.
Read at news.bitcoin.com
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