South Korea's Central Bank has announced a cooperation protocol signed with the Ministry of Science and ICT (MSIT) and the Financial Services Commission (FSC) to jointly test the feasibility of Digital Money (CBDC) and tokenization deposits. The Central Bank plans to pilot tokenization deposits among 100,000 people by the end of the year and achieve interbank settlement through wholesale CBDC. In this trial, seven domestic banks will participate, and tokenization deposits will be protected by the current deposit insurance system. In addition, the Central Bank has also developed a digital voucher platform to reduce the complexity and fraud risk of paper voucher settlement.