South Korea's dominant fintech platform Toss has emerged as a potential game-changer in Web3 finance, announcing plans to develop its own Layer-1 blockchain mainnet and native cryptocurrency. According to a report from regional blockchain outlet Blockmedia, the company serving 30 million users—nearly 60% of South Korea's population—is positioning itself to integrate blockchain technology across its entire financial ecosystem.
The strategic significance extends beyond technical implementation to regulatory positioning and market timing. As reported by Bitcoin.com, Toss has been systematically preparing for this transition since June 2025, filing trademarks for 24 Korean won stablecoin names and recruiting blockchain engineers since February 2026. With the company targeting a U.S. IPO in 2026 at a valuation above $10 billion and having reported its first profitable year in 2024, this Web3 expansion represents a calculated bet on the future of digital finance infrastructure.
