KRW1 Becomes the Korean Won Settlement Currency for Injective Tokenized Assets
Start here
AI-assisted source synthesis · not an independent investigation.
On October 21, 2026, Injective and Korean custodian BDACS reached an agreement designating the Korean won stablecoin KRW1 as the exclusive Korean won settlement asset for tokenized real-world assets on the Injective network. Under the arrangement, institutions can use Korean won directly for related transactions without first converting it into a U.S. dollar stablecoin. KRW1 minting and redemption are available only to approved institutional partners and are subject to regulatory approval. The parties said the arrangement aims to provide a Korean won settlement option for Korea’s tokenized market.
AI-written from reports · updated 2 hours ago
Timeline
Follow the reporting to see the different sides of the story.
- CryptopolitanInjective and BDACS sign agreement to make KRW1 the Korean won settlement asset for tokenized assets
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.
Heat over time
Not enough consecutive observations yet to draw a trend.