South Korea's National Pension Service (NPS), one of the world's largest public pension funds, plans to integrate blockchain technology into its operations. The move aims to enhance transparency and security.

With assets exceeding$800 billion, the fund is evaluating how blockchain could streamline transactions. South Korea is also considering how the technology could manage deposits and track withdrawals.

Although NPS has previously stated it would not invest directly in cryptocurrencies, it has bought shares in crypto-related companies. Investments include stakes in Coinbase and MicroStrategy.

The fund appears more focused on blockchain's underlying infrastructure. It sees potential to reduce record tampering and improve data accuracy. However, the move aligns with growing interest in digital assets across South Korea, where over 16 million people now invest in cryptocurrencies.