In Q4 2026, the government will launch a pilot project in the "administrative capital of the country" — Sejong. This "smart city" is equipped with advanced technologies and has a population of 400,000. South Korea has relocated most of its ministries and government agencies to Sejong. The initiative will focus on the government's operational expenses, which are currently managed using government-issued credit and debit cards. The government will analyze whether tokenized deposits can improve oversight and reduce the misuse of funds. Following this, they will consider adjusting existing regulatory rules. Tokenized deposits are digital representations of traditional bank deposits on the blockchain. Unlike stablecoins, they remain bank liabilities and are designed to operate within the existing financial system.