Toss explores launching native cryptocurrency

South Korean fintech powerhouse Toss is reportedly exploring the launch of its own native cryptocurrency. The company is considering establishing this token on a Layer 1 mainnet, indicating a significant move into the decentralized finance space. Furthermore, Toss is investigating the potential development of its own Layer 2 network, which could enhance transaction speeds and scalability for its ecosystem. This strategic initiative signals a growing interest among major fintech players in leveraging blockchain technology and creating their own digital assets to expand their service offerings and market reach.