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Korean super app Toss is weighing a custom Layer 1 or Layer 2 blockchain and native token to power its \u201cMoney 3.0\u201d stablecoin push as Seoul finalizes a strict digital asset law.<\/p>\n
\n Summary<\/span>\n <\/p>\n <\/p>\n South Korean payment and banking giant Toss is considering building its own blockchain network and issuing a native cryptocurrency, a move that would extend the super app\u2019s stablecoin and Web3 ambitions into a full-stack digital asset platform, according to reporting<\/a> from The Block. People familiar with internal discussions told Crypto In America that Toss is weighing whether to launch on a standalone Layer 1 mainnet or pursue a Layer 2<\/a> scaling approach, with no final decision yet taken. Insiders added that the architectural choice is being shaped by the progress of South Korea\u2019s Basic Law on Digital Assets, a landmark bill expected to codify rules for token issuance, stablecoins<\/a>, and crypto ETFs.<\/a><\/p>\n Toss, operated by Viva Republica, has rapidly grown from a mobile transfers app into a dominant financial super app with more than 30 million registered users and around 24 million monthly active users as of 2024, offering some 290 services from payments to trading and lending. The Korea Herald reports that Toss generated revenue of roughly $1.8 billion in 2025, up 38% year-on-year, while operating profit surged 270.3% to about $251 million and net profit jumped 846.7% to roughly $151 million. At the 2026 Seoul Blockchain Meetup, Toss corporate development director Seo Chang\u2011whoon said the company is \u201cmoving toward a new \u2018Money 3.0\u2019 era centered on blockchain and stablecoins,\u201d outlining a vision in which programmable money makes finance \u201cuniversal, programmable, verifiable, composable and seamless.\u201d<\/p>\n The Basic Law on Digital Assets\u2014sometimes described by Korean lawmakers as a \u201cfoundational\u201d crypto statute\u2014is expected to set strict requirements for stablecoin issuers, including 100% reserve backing in low\u2011risk assets and potential limits favoring bank\u2011led consortia. Lawmaker Min Byeong\u2011deok has called the bill \u201ca significant turning point for the future of digital finance in the Republic of Korea,\u201d arguing that it will finally provide a clear legal base for local firms to issue won\u2011denominated tokens rather than routing activity overseas. Industry observers say the second half of 2025 through the first half of 2026 could be an \u201cexplosive growth window\u201d for Korean stablecoins as payments firms like Toss and rivals such as Kakao Pay and Naver Pay roll out won\u2011backed tokens and experiment with cross\u2011border use cases.<\/p>\n <\/p>\n For Toss, a proprietary blockchain and native token could serve as the backbone for that strategy, underpinning everything from loyalty and remittances to on\u2011chain credit products that link its SohoScore small\u2011business credit model with smart contracts. \u201cBy 2026, we aim to complete a borderless financial super app by redesigning money itself\u2014removing boundaries across borders, products, time and entities,\u201d Seo said, framing the firm\u2019s blockchain push as essential infrastructure for the next phase of its growth. Whether Toss ultimately opts for a Layer 1 network or a Layer 2 aligned with existing ecosystems will likely hinge on how far the Basic Law goes in steering stablecoin issuance toward bank\u2011controlled consortia and what room it leaves for independent fintech\u2011led chains.<\/p>\n <\/p><\/div>\n\n\n