Key Takeaways:
Toss, operated by Viva Republica, is building an L1 blockchain mainnet and native coin to power its 30 million-user financial platform. South Korea’s pending Digital Asset Basic Law has delayed final decisions on whether Toss pursues an L1 or L2 approach. A Stablecoin Task Force led by Chief Business Officer Kyuha Kim filed 24 KRW stablecoin trademarks in June 2025, including “TOSSKRW.” South Korea’s Toss Recruits Blockchain Engineers as Mainnet Plans Advance in 2026A company spokesperson confirmed the direction in a statement:
“We view digital asset-based financial infrastructure as an important future area and are preparing for it. We are actively recruiting talented individuals with relevant expertise and broadly considering collaborations with various partner companies, prioritizing technology acquisition.”
Toss reported its first profitable year in 2024, with consolidated revenue of 1.956 trillion Korean won, or approximately $1.4 billion, a 43% increase year over year. The company is targeting a U.S. IPO in 2026 at a valuation above $10 billion.
