South Korea's National Pension Service is considering blockchain to track transactions for its $890 billion fund

South Korea's National Pension Service is exploring the use of blockchain to manage its $890 billion fund.

The NPS plans to engage blockchain experts and companies to participate in a preliminary disclosure process prior to the study.

Author: Francisco Rodriguez | Edited by: Sheldon Rebeck April 7, 2025, 1:13 PM

Key points:

• South Korea's National Pension Service (NPS) plans to explore blockchain to improve the transparency and reliability of financial transactions.
• The main objective of NPS is to prevent fraudulent fund records and improve pension management.
• The service will conduct a preliminary disclosure procedure and study to assess the feasibility of implementing blockchain in its accounting system.

South Korea's National Pension Service (NPS), which manages assets worth 1.224 trillion won (US$836 billion), plans to explore the potential of blockchain in its financial transactions.

According to Seoul Economic Daily, citing industry sources, the organization is considering switching to blockchain to improve the transparency and security of managing its deposits, withdrawals and investments.

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According to the publication, the NPS plans to begin a preliminary disclosure process, inviting blockchain experts and companies to assess the situation before the official launch of the initiative.

This feedback phase, typical of large government projects in Korea, will provide data for a study on the feasibility of integrating blockchain into the pension fund accounting system. The NPS is specifically investigating how a shared blockchain ledger can prevent fund records from being tampered with, an important task for an institution responsible for the pensions of millions of citizens.

NPS has previously used blockchain to track pension recipients overseas. While it is not considering direct investment in Bitcoin (BTC) or other cryptocurrencies, it has indirect exposure to the sector through investments in Strategy and Coinbase.

The initiative comes shortly after 7-Eleven chains in South Korea began accepting the Bank of Korea's digital currency as part of a large-scale experiment.

Disclaimer: The information collected for this article was translated using artificial intelligence.

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