Stabledash
Stabledash
Partnership
The partnership aims to reduce FX friction for Korean institutions by enabling direct access to the on-chain RWA market in local currency.
February 3, 2026
Companies mentioned:
BDACS Korea has launched KRW1, a stablecoin pegged to the Korean Won, on the Plume Network, an Ethereum L2 focused on real-world assets (RWAs). This development provides Korean institutions and investors with a compliant method to engage with the $19 billion RWA market using their local currency. The initiative aims to reduce foreign exchange friction and operational complexity for Korean investors accessing on-chain RWAs.
The KRW1 stablecoin is fully backed by KRW deposits held in an escrow account at Woori Bank, one of South Korea's largest banks. The launch followed a successful proof-of-concept that verified the issuance process, reserve management, and on-chain mechanics. This integration signifies a key step in bridging traditional finance with decentralized infrastructure in the Asian market.
Plume’s RWA ecosystem includes over 200 on-chain products from asset managers such as Apollo Global and WisdomTreeFunds, spanning private credit, real estate, and government bonds. The introduction of KRW1 expands access for Korean institutions, allowing them to interact with this broad range of tokenized assets without converting to USD. The move highlights a convergence of regulatory clarity and institutional demand for digital assets in South Korea.
BDACS Korea has launched KRW1, a stablecoin pegged to the Korean Won, on the Plume Network, an Ethereum L2 focused on real-world assets (RWAs). This development provides Korean institutions and investors with a compliant method to engage with the $19 billion RWA market using their local currency. The initiative aims to reduce foreign exchange friction and operational complexity for Korean investors accessing on-chain RWAs.
The KRW1 stablecoin is fully backed by KRW deposits held in an escrow account at Woori Bank, one of South Korea's largest banks. The launch followed a successful proof-of-concept that verified the issuance process, reserve management, and on-chain mechanics. This integration signifies a key step in bridging traditional finance with decentralized infrastructure in the Asian market.
Plume’s RWA ecosystem includes over 200 on-chain products from asset managers such as Apollo Global and WisdomTreeFunds, spanning private credit, real estate, and government bonds. The introduction of KRW1 expands access for Korean institutions, allowing them to interact with this broad range of tokenized assets without converting to USD. The move highlights a convergence of regulatory clarity and institutional demand for digital assets in South Korea.
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