Korean tremendous app Toss is weighing a customized Layer 1 or Layer 2 blockchain and native token to energy its “Cash 3.0” stablecoin push as Seoul finalizes a strict digital asset legislation.
South Korean cost and banking big Toss is contemplating constructing its personal blockchain community and issuing a local cryptocurrency, a transfer that will lengthen the tremendous app’s stablecoin and Web3 ambitions right into a full-stack digital asset platform, in accordance with reporting from The Block. Folks aware of inside discussions instructed Crypto In America that Toss is weighing whether or not to launch on a standalone Layer 1 mainnet or pursue a Layer 2 scaling strategy, with no last determination but taken. Insiders added that the architectural selection is being formed by the progress of South Korea’s Primary Regulation on Digital Belongings, a landmark invoice anticipated to codify guidelines for token issuance, stablecoins, and crypto ETFs.
Toss, operated by Viva Republica, has quickly grown from a cell transfers app right into a dominant monetary tremendous app with greater than 30 million registered customers and round 24 million month-to-month energetic customers as of 2024, providing some 290 companies from funds to buying and selling and lending. The Korea Herald reviews that Toss generated income of roughly $1.8 billion in 2025, up 38% year-on-year, whereas working revenue surged 270.3% to about $251 million and web revenue jumped 846.7% to roughly $151 million. On the 2026 Seoul Blockchain Meetup, Toss company growth director Web optimization Chang‑whoon mentioned the corporate is “transferring towards a brand new ‘Cash 3.0’ period centered on blockchain and stablecoins,” outlining a imaginative and prescient through which programmable cash makes finance “common, programmable, verifiable, composable and seamless.”
The Primary Regulation on Digital Belongings—typically described by Korean lawmakers as a “foundational” crypto statute—is anticipated to set strict necessities for stablecoin issuers, together with 100% reserve backing in low‑threat belongings and potential limits favoring financial institution‑led consortia. Lawmaker Min Byeong‑deok has known as the invoice “a big turning level for the way forward for digital finance within the Republic of Korea,” arguing that it’s going to lastly present a transparent authorized base for native companies to concern gained‑denominated tokens relatively than routing exercise abroad. Business observers say the second half of 2025 by way of the primary half of 2026 may very well be an “explosive progress window” for Korean stablecoins as funds companies like Toss and rivals similar to Kakao Pay and Naver Pay roll out gained‑backed tokens and experiment with cross‑border use circumstances.
For Toss, a proprietary blockchain and native token may function the spine for that technique, underpinning the whole lot from loyalty and remittances to on‑chain credit score merchandise that hyperlink its SohoScore small‑enterprise credit score mannequin with good contracts. “By 2026, we goal to finish a borderless monetary tremendous app by redesigning cash itself—eradicating boundaries throughout borders, merchandise, time and entities,” Web optimization mentioned, framing the agency’s blockchain push as important infrastructure for the subsequent section of its progress. Whether or not Toss in the end opts for a Layer 1 community or a Layer 2 aligned with current ecosystems will probably hinge on how far the Primary Regulation goes in steering stablecoin issuance towards financial institution‑managed consortia and what room it leaves for unbiased fintech‑led chains.
