PANews reported on April 7 that according to CoinDesk, the Korea National Pension Service (NPS), which manages 1,224 trillion won (836 billion USD) in assets, plans to study how to apply blockchain to its fund trading system. Sources said the institution is considering transitioning to blockchain technology to improve transparency and security in its deposit, withdrawal, and investment management.
The Korea National Pension Service plans to initiate a preliminary disclosure process, inviting blockchain experts and companies to comment on this initiative before formally launching it. This feedback phase is a standard procedure in large Korean public projects and will provide a basis for researching the feasibility of integrating blockchain into the pension fund accounting system. The NPS is particularly focused on how blockchain's shared ledger can prevent fund record tampering, which is crucial for ensuring the retirement security of millions of people. The NPS has previously used blockchain to track overseas pension recipients. While it is not considering direct investment in Bitcoin or other cryptocurrencies, it has indirectly engaged with the field by investing in Strategy and Coinbase shares.
