PANews reported on April 7 that according to CoinDesk, the National Pension Service (NPS) of South Korea, which manages 1,224 trillion won (836 billion U.S. dollars) in assets, plans to study how blockchain can be used in its fund trading system. Sources said the agency is considering turning to blockchain technology to improve transparency and security in its deposit, withdrawal and investment management.
The National Pension Service plans to launch a preliminary disclosure process, inviting blockchain experts and companies to comment on the initiative before officially launching it. This feedback phase is standard in large public projects in South Korea and will provide a basis for studying the feasibility of integrating blockchain into pension fund accounting systems. The National Pension Service is particularly concerned about how blockchain's shared ledger can prevent fund records from being tampered with, which is crucial for the agency to ensure the retirement security of millions of people. The National Pension Service has previously used blockchain to track overseas pension recipients. While it is not considering investing directly in Bitcoin or other cryptocurrencies, it has indirectly exposed itself to the field after investing in stakes in Strategy and Coinbase.
