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Bank of Korea, ECB Discuss Tokenization and Stablecoins at BOK Conference on June 1

Monetary Policy

2026-06-01 02:51:57

On June 1, Bank of Korea Governor Shin Hyun-song and ECB Executive Board Member Isabel Schnabel discussed blockchain-based tokenization and non-dollar stablecoins at the 2026 BOK Conference in Seoul. Schnabel emphasized that central bank money must continue to serve as an anchor in a tokenized financial system, and that regulation is key. She noted that the ECB's Pontes project addresses near-term wholesale payment improvements, while the Appia project focuses on longer-term central bank digital currency infrastructure. On stablecoins, Schnabel attributed limited non-dollar stablecoin adoption to network effects and regulatory frameworks, highlighting that appropriate guardrails balancing innovation with risk mitigation are essential.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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