
South Korea's Toss will test OP Stack and Privacy Boost for won stablecoins in a three-month PoC. The project aims to meet KYC/AML rules on public blockchains.
South Korean financial super-app Toss has signed a strategic agreement with Optimism and Sunnyside Labs to test blockchain infrastructure for won-linked stablecoins. The three-month proof of concept will examine whether the technology can support institutional payment systems while meeting South Korean financial regulations.
The companies will evaluate whether financial institutions can manage payment and settlement processes on a public blockchain while complying with customer identification and anti-money laundering requirements. A separate focus is protecting sensitive transaction data, which Sunnyside Labs' Privacy Boost aims to address.
Privacy Boost is designed to solve a key limitation of public blockchains: transaction details and wallet balances are generally visible to network participants. The technology allows sensitive financial data to remain private while still enabling regulated institutions to verify transactions and maintain compliance standards, the companies said.
Optimism provides the blockchain infrastructure through its OP Stack technology. OP Stack is a modular framework that supports dedicated application-specific chains while relying on Ethereum for security and settlement. Layer 2 networks process transactions separately from Ethereum before finalising them on the main chain, reducing costs and improving transaction speeds.
According to Toss, the companies will examine whether OP Stack can support a blockchain-based financial network tailored for Korean digital payment services instead of relying on shared public infrastructure. Optimism's technology is already used by more than 30 blockchain networks, including projects developed by Sony, World Chain, Uniswap, OKX Layer, and Kraken. The company also offers institutional deployments designed to satisfy regulatory and security requirements, with regulated financial firms such as Europe's Bitpanda already adopting the technology.
Toss, which serves around 30 million users and supports more than 500,000 online and offline merchants, plans to gradually expand blockchain-based experiments across its payment and platform services. A Toss official said the project is intended to verify infrastructure that combines Ethereum's security with a dedicated network built for local currency-based financial services while allowing interoperability with other blockchain ecosystems.
The collaboration comes weeks after Optimism completed a four-week experiment on its OP mainnet that tested stake-based transaction ordering alongside its existing gas-fee system. The pilot explored whether staking incentives could improve transaction prioritisation without changing the experience for regular users.
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