Injective and BDACS sign agreement to make KRW1 the Korean won settlement asset for tokenized assets

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Injective and South Korean custody provider BDACS have signed an agreement designating the Korean won stablecoin KRW1 as the exclusive Korean won settlement asset for tokenized real-world assets on the Injective network, allowing institutions to trade directly in Korean won without first converting to a dollar stablecoin. KRW1 minting and redemption will be available only to approved institutional partners and will require regulatory approval. The two parties said the arrangement aims to provide a Korean won settlement option for South Korea’s tokenized market.