South Korea Plans to Allocate 25% of State Budget to Crypto by 2030
South Korea is making a bold MOVE into digital assets, with plans to channel 25% of its $499.2 billion national treasury funds into cryptocurrencies and blockchain projects by 2030. The initiative will begin with deposit token distributions for EV subsidies as early as 2026, leveraging the Bank of Korea's experimental CBDC platform, 'Project Hangang.'
The government aims to revise the National Treasury Fund Management Act to create a legal framework for deposit tokens, explicitly excluding them from traditional treasury definitions. This strategic pivot focuses on using blockchain to streamline subsidy payments, reduce settlement times, and combat fraud.
Key to the plan is testing deposit tokens as limited-use vouchers on a central bank blockchain. The rollout coincides with South Korea's 2026 Economic Growth Strategy, positioning the country as a leader in state-backed digital asset adoption.
