Danal Joins Ministry of Science and ICT's Deposit Token Payment Infrastructure Project... Accelerating Private CBDC Payment Adoption

Danal is participating in the deposit token-based payment infrastructure construction project promoted by the Ministry of Science and ICT and the Korea Internet & Security Agency (KISA), aiming to expand the private sector payment ecosystem based on central bank digital currency (CBDC).

On July 27, Danal announced that it had been selected as a participating organization in the "2026 Blockchain Innovation Leading Project" and will take part in the "Deposit Token-Based Payment Infrastructure Expansion Project" led by the Ministry of Science and ICT and the Korea Internet & Security Agency.

This project is organized as a private consortium, with the Korea Financial Telecommunications & Clearings Institute as the lead agency, participation from nine commercial banks, eight payment gateway (PG) companies, and two major demand partners. The key objective is to expand deposit token payments into the private sector by linking the initiative with "Project Han-Gang," the Bank of Korea’s CBDC pilot project. It especially aims to achieve tangible outcomes that benefit the public, such as reducing transaction fees for small business owners.

Within this project, Danal will join as a payment service provider, building online and offline payment services utilizing deposit tokens and providing a payment infrastructure that can be reliably used across various merchant environments. Danal will connect deposit tokens issued by banks with existing payment systems to ensure real-world usability in retail settings, while developing a payment environment that is convenient for both consumers and merchants.

In line with the project's goal of leveraging existing infrastructure rather than building new payment systems, Danal plans to enhance payment stability and user convenience using its accumulated expertise in payment technology and service operation. Through these efforts, Danal intends to help deposit tokens become a widely adopted everyday payment method and contribute to expanding the private digital payment ecosystem.

A Danal official commented, "This project is a significant initiative to establish the foundation for deposit tokens to be used in real commerce environments. Leveraging our expertise and technological capabilities acquired in both traditional finance and the blockchain sector, we will focus on creating a payment environment that is convenient for both consumers and merchants."

By participating in this project, Danal is expected to play a central role in building deposit token-based payment infrastructure, supporting the private sector adoption of central bank digital currency, and fostering the development of the next-generation digital payment ecosystem.

This content was produced with the assistance of AI translation services.