South Korea's First Won-pegged Stablecoin KRW1 Launches on Plume

BDACS X Plume: BDACS Drives Global RWA Innovation with Korea's First Won-Pegged Stablecoin

KRW1 on Plume opens up new opportunities in RWAs for the Korean market

South Korea’s crypto custody service provider BDACS (Beyond Digital Asset Custody Service) announced today that it has launched KRW1, a stablecoin fully backed by the South Korean won, on Plume, the leading RWA network.

The integration enables developers, institutions, and asset issuers to access KRW‑based settlement and liquidity across Plume’s growing ecosystem of regulated, yield‑bearing onchain RWAs.

KRW1 is the only regulatory-compliant stablecoin in the Korean market launched in September 2025. Each token is fully collateralized with Korean won held in escrow at Woori Bank, one of the largest banking institutions in South Korea.

“The launch of KRW1 on Plume strengthens the network’s global settlement rails and reflects increasing demand for non‑USD stablecoins in institutional RWA markets,” said Teddy Pornprinya, Co-Founder and CBO of Plume Network. “KRW‑denominated liquidity unlocks new use cases for issuers and investors building on Plume, particularly across Korea, a region that has experienced rapid growth in RWA issuance and regulatory clarity.”

The KRW1 stablecoin completed a full proof of concept, validating its technical viability. The launch with Plume marks a meaningful step toward developing the KRW stablecoin ecosystem, further integrating KRW liquidity into institutional grade assets on Nest by Plume.

We are very pleased to see KRW1 being added to the Plume Network, whose specialty lies in asset tokenization and on-chain finance. KRW1 will continue to expand its utility as an infrastructural settlement layer, accelerating the transition of financial activities onto the blockchain.

Harry Ryoo, CEO of BDACS said, “We are very pleased to see KRW1 being added to the Plume Network, whose specialty lies in asset tokenization and on-chain finance. KRW1 will continue to expand its utility as an infrastructural settlement layer, accelerating the transition of financial activities onto the blockchain.”

Since mainnet, Plume has grown to 280,000+ RWA holders, $645M+ in RWA TVL, and 200+ onchain RWA integrations. The addition of KRW1 opens up the Korean market to this foundational RWA ecosystem and its onchain opportunities.