South Korean fintech super app Toss, operated by Viva Republica, is exploring the development of its own blockchain network and native cryptocurrency as part of its 'Money 3.0' strategy. According to reports from The Block, people familiar with internal discussions revealed that Toss is weighing whether to launch on a standalone Layer 1 mainnet or pursue a Layer 2 scaling approach, with no final decision yet taken. The architectural choice is being shaped by the progress of South Korea's Basic Law on Digital Assets, a landmark bill expected to codify rules for token issuance, stablecoins, and crypto ETFs. The regulatory clarity provided by this framework is now enabling Toss to advance its blockchain development plans with greater confidence.
Toss has demonstrated remarkable financial growth, generating revenue of approximately $1.8 billion in 2025, representing a 38% year-on-year increase. As reported by The Korea Herald, the company's operating profit surged 270.3% to about $251 million and net profit jumped 846.7% to roughly $151 million. The super app has evolved from a mobile transfers app into a dominant financial platform with more than 30 million registered users and around 24 million monthly active users as of 2024, offering approximately 290 services from payments to trading and lending.
The Basic Law on Digital Assets is expected to set strict requirements for stablecoin issuers, including 100% reserve backing in low-risk assets and potential limits favoring bank-led consortia. According to industry observers, the second half of 2025 through the first half of 2026 could be an 'explosive growth window' for Korean stablecoins as payments firms like Toss and rivals such as Kakao Pay and Naver Pay roll out won-backed tokens. Lawmaker Min Byeong-deok has described the bill as 'a significant turning point for the future of digital finance' in Korea, providing the regulatory certainty needed for blockchain-based financial services to flourish.
At the 2026 Seoul Blockchain Meetup, Toss corporate development director Seo Chang-whoon outlined the company's vision for a 'borderless financial super app' by redesigning money itself. As reported by The Block, the firm aims to 'remove boundaries across borders, products, time and entities' by 2026. A proprietary blockchain and native token could serve as infrastructure for everything from loyalty and remittances to on-chain credit products that link its SohoScore small-business credit model with smart contracts. The decision on whether to opt for a Layer 1 network or a Layer 2 aligned with existing ecosystems will likely depend on how the Basic Law regulates stablecoin issuance, with the regulatory clarity now enabling more concrete implementation plans.
