Bank of Korea created a dedicated Asset Tokenization unit under its Digital Currency Department, moving treasury bond tokenization from experimental work into a formal organizational line, the clearest signal yet that this is heading toward actual implementation, not just research. This is the final piece of what BOK Governor Shin Hyun-song has called a "trilogy," a framework he's pushed since his BIS days: CBDC, deposit tokens (already tested via Project Han River), and now asset tokenization, specifically government bonds as the most important national asset. The new unit isn't tasked with more research, it's built to execute a "unified ledger" strategy where central bank money, deposit tokens, and asset tokens all move on the same platform. The technical upside BOK is describing: settlement, clearing, and payment collapse into a single simultaneous process instead of separate steps, enabling programmable conditional payments and automatic collateral settlement. Practically, that means things like EV charging subsidies or government expense accounts could be disbursed as tokenized deposits programmed to only work for specific purposes and locations. It also enables atomic settlement, money and asset transfer simultaneously, eliminating the delivery-versus-payment risk where one side sends first and waits for the other. BOK's own framing was pointed: the US, UK, and Japan have already reached commercialization stage or finished design work on digital treasury bonds, and this new unit exists so Korea doesn't fall behind in that global race. A BOK official added that asset tokenization is where finance is headed regardless in the AI era, and that the unit, currently smaller than a full team, is expected to grow given its strategic priority. The other organizational change worth noting: BOK's North Korea Economic Research office got renamed to Economic Security office, reflecting the rising importance of geoeconomics as countries increasingly weaponize trade controls and resources. Both changes came in Shin's first reorganization since taking office, and line up with a newly formed director-level strategy group BOK just convened last week specifically to coordinate Korea's position on BIS agenda items, deposit and treasury tokenization being flagged as a core topic expected to dominate future BIS-level discussion.