South Korean fintech unicorn Toss is expanding internationally, with plans to launch its all-in-one finance app in Australia within the year, leveraging the country's open-banking policies to introduce core services like peer-to-peer money transfers.

This expansion marks Toss's move into a growing global market, where it aims to capitalize on Australia's favorable regulatory environment and increasing interest in digital currencies and blockchain technology.

Toss is known for its innovative approach, combining digital currency solutions with traditional financial services, and aims to develop a digitally native Korean won through government-led legislation on stablecoins.

Major South Korean banks, including Kakao Bank, Kookmin Bank, and the Industrial Bank of Korea, are showing increased interest in stablecoins, with recent trademark filings indicating institutional engagement.

The company's superapp will feature services such as verified stablecoin transactions, crypto trading, NFT management, and DeFi functionalities, aiming to enhance user experience and promote digital asset acceptance.

Toss's move into Australia is expected to influence local crypto regulation by demonstrating safe digital currency integration, fostering innovation in DeFi and NFTs.

Founded in 2015, Toss has attracted over 30 million users in South Korea and has proven its ability to compete with traditional banks and brokers through innovative financial services.

CEO Lee Seung-gun envisions Toss evolving into a global internet company built on financial services, emphasizing long-term growth beyond just a financial holding firm.

Toss is considering a U.S. IPO in the second quarter of 2026, targeting a valuation exceeding $10 billion, with potential to reach over $15 billion, supported by over 1.6 trillion won raised from international investors.

Toss has established an Australian unit and plans to launch core banking and payments services, such as peer-to-peer transfers, by the end of 2025, aiming to tap into Australia's fragmented banking system and open-banking policies.

Toss aims to issue a won-based stablecoin once regulations permit, working with authorities to develop the necessary infrastructure, and is positioned to lead the creation of a digitally native Korean won through South Korea's upcoming stablecoin legislation.

This international expansion reflects a broader trend of Asian fintech firms establishing a global presence through blockchain innovation, with stablecoins playing a key role in bridging traditional and digital finance.