Key Takeaways:
- Toss, operated by Viva Republica, is constructing an L1 blockchain mainnet and native coin to energy its 30 million-user monetary platform.
- South Korea’s pending Digital Asset Primary Legislation has delayed last choices on whether or not Toss pursues an L1 or L2 strategy.
- A Stablecoin Process Power led by Chief Enterprise Officer Kyuha Kim filed 24 KRW stablecoin logos in June 2025, together with “TOSSKRW.”
South Korea’s Toss Recruits Blockchain Engineers as Mainnet Plans Advance in 2026
The fintech firm Toss serves roughly 30 million registered customers, near 60% of South Korea‘s inhabitants. Toss already operates Toss Financial institution, Toss Securities, and Toss Funds underneath a single tremendous app. A blockchain mainnet would prolong that infrastructure into onchain finance, giving the corporate direct management over charges, governance, and software improvement.
Blockmedia reported that Toss is weighing two paths: constructing a full layer one (L1) community from scratch or deploying a layer two ( L2) answer on prime of an present chain. An inner supply informed the outlet that groups are nonetheless deciding, with a last name contingent on progress in South Korea’s Digital Asset Primary Legislation.
A devoted Stablecoin Process Power, led by Chief Enterprise Officer Kyuha Kim, is already working inside the corporate. In June 2025, Toss filed logos for twenty-four Korean received stablecoin names, together with “TOSSKRW.” The corporate has been recruiting blockchain engineers since February 2026, posting roles protecting pockets programs, API and transaction processing, node operations, cryptographic signing, and monetary compliance.
Toss additionally confirmed it’s creating a Web3 pockets constructed instantly into the prevailing app, requiring no separate obtain. The pockets would help digital asset storage, transfers, funds, and tokenized securities administration.
An organization spokesperson confirmed the course in an announcement:
“We view digital asset-based monetary infrastructure as an necessary future space and are getting ready for it. We’re actively recruiting proficient people with related experience and broadly contemplating collaborations with varied accomplice corporations, prioritizing know-how acquisition.”
On the 2026 Seoul Blockchain Meetup Convention in March, Company Growth Director Search engine optimization Chang-whoon launched the corporate’s “Cash 3.0” framework. The idea facilities on programmable cash utilizing sensible contracts, borderless finance working with out restrictions on foreign money, geography, or time, and a stablecoin issuance and distribution technique tied to actual monetary providers.
The presentation included a proof-of-concept linking its SohoScore small-business credit score mannequin with sensible contracts for automated lending. Proudly owning a mainnet provides Toss the power to design its personal charge construction and repair guidelines, avoiding dependence on exterior chains or publicity to third-party governance adjustments.
Consultants cited by Blockmedia famous this can be a key benefit over constructing on public networks. Prof. Seokjin Hwang of Dongguk College remarked that unbiased infrastructure avoids exterior dependencies and improves enterprise scalability. Seungik Yoon of Tiger Analysis defined {that a} customized L2 on a confirmed community might enable sooner tokenization.
Toss just isn’t the one Korean crypto-adjacent firm pursuing proprietary chain infrastructure. Dunamu, operator of Upbit, is creating Kiwachain, an Ethereum L2 community. Hashed is advancing Maru, an L1 centered on Korean received stablecoins. Toss would enter that competitors with a considerably bigger present consumer base.
Regulatory situations stay a constraint. South Korea has not but enacted the Digital Asset Primary Legislation, and present commerce settlement and international trade legal guidelines complicate stablecoin issuance. Toss has structured its total blockchain recruitment and planning effort round compliance readiness, in accordance with the report.
The corporate additionally disclosed it’s exploring partnerships with KB Monetary and Samsung Card as a part of its digital asset infrastructure plans. Neither agency has made public statements on these discussions.
Toss reported its first worthwhile 12 months in 2024, with consolidated income of 1.956 trillion Korean received, or roughly $1.4 billion, a 43% improve 12 months over 12 months. The corporate is focusing on a U.S. IPO in 2026 at a valuation above $10 billion.
No launch date or technical specs for the mainnet have been confirmed. Plans stay within the dialogue section, and the corporate’s subsequent steps depend upon each regulatory readability and an inner choice on L1 versus L2 structure.
