South Korea plans to update its 76-year-old National Property Act to officially recognize cryptocurrencies and intellectual property as national assets. This move is part of the country’s ongoing blockchain strategy. According to the Ministry of Economy and Finance’s latest policy roadmap, the new proposal will expand the legal definition of state-owned assets and set up a broader system for managing digital assets. The government also confirmed it will launch a pilot program for tokenized government bonds in 2027 and is looking into using blockchain for state-owned real estate and public finance.
These changes represent a major shift in how the government handles digital assets. The National Property Act, created in 1950, did not account for blockchain-based assets. By updating the law, South Korea wants to build a legal system that can manage both traditional and digital national wealth.
The Finance Ministry plans to issue tokenized government bonds in a pilot program set for 2027. Officials think blockchain can make issuing bonds faster, cheaper, and easier to transfer. The government also wants to explore tokenizing state-owned real estate, which could let everyday investors take part in government-backed property investments and benefit from future returns.
JUST IN: 🇰🇷 South Korea officially classifies Bitcoin as a “strategic state asset” 🚀
The “National Asset Basic Act” will formally bring Bitcoin & crypto under the government’s asset management system 👏 pic.twitter.com/NX5V0l63B6
— Bitcoin Magazine (@BitcoinMagazine) July 15, 2026
South Korea’s blockchain plans go beyond just tokenized assets. Earlier this year, the Finance Ministry said it would test tokenized deposits for government spending. The Bank of Korea has also started trials of its central bank digital currency (CBDC) with commercial banks. According to the latest roadmap, tokenized government bonds will eventually link up with the Bank of Korea’s CBDC system, making it easier to settle transactions between blockchain assets and the country’s digital currency network.
More legal changes are coming soon. Updates to the Capital Markets Act and the Electronic Act, set for February 2027, will officially recognize blockchain ledger systems as security registries. These reforms will help make South Korea a global leader in using blockchain for financial markets and public sector projects.
Stay informed with the latest trends in Web3, blockchain innovation, and cybersecurity updates at 3verseTV
You need to login in order to Like
Leave a comment