Toss Eyes Native Blockchain and Token Launch in Web3 Pivot

South Korean financial technology leader Toss is actively exploring a strategic expansion into the Web3 ecosystem. The company is currently evaluating the development of its own native blockchain, potentially operating as a layer 1 mainnet. Alongside this infrastructure initiative, Toss is considering the issuance of a proprietary cryptocurrency to integrate with its existing financial services.

In addition to potential layer 1 development, the fintech firm is analyzing the feasibility of building a layer 2 network. This secondary architecture is being considered as a mechanism to enhance transaction scalability and improve network efficiency. While these technical explorations signify a major push into decentralized technology, the project faces ongoing delays. The company has cited local regulatory hurdles in South Korea as the primary reason for the current uncertainty surrounding the deployment of these blockchain initiatives.