KRW1
Proof-of-Concept Korean Won Stablecoin by BDACS¹
The Stable Future of the Won - KRW1
The world’s first Korean won stablecoin, issued by BDACS - sovereign-aligned, regulator-ready, fully backed, and built for institutional trust.
As of 09/18/2025
KRW1 in Issuance2
15,000,000 KRW1
KRW1 Reserve Funds3
₩ 15,000,000
Available on
KRW1 In Detail
KRW1 is a fully collateralized Korean won stablecoin, fully backed by cash reserves at a Tier 1 Korean bank and always redeemable at 1:1 for Korean won. Regulator-ready and aligned with Korea’s upcoming Digital Asset Framework Act, KRW1 is trusted, transparent, and institution-grade-bringing the stability of the Korean won into the digital future.
Important Disclaimer
KRW1 is in its proof-of-concept stage and available only for technology demonstration. KRW1 does not yet represent a commercial stablecoin. The initiative is designed to showcase the infrastructure and safeguards that will underpin a fully regulated Korean won stablecoin.
- Product Status
- Proof-of-Concept; Not for Commercial Use
- Regulatory Compliance
- Compliance Ready for Digital Asset Framework Act of 2026 (and Related Rules & Regulations)
- Security & User Protection
- Robust Wallet-level KYC, AML, & Compliance Controls
- Underlying Assets
- Cash Deposits Held at Tier 1 Korean Commercial Bank
- Attestation
- Real-time, Daily, & Monthly Attestation
- Redemption
- 1:1 for Korean Won
- Issuer
- BDACS (Leading, Regulated Digital Asset Custodian)
- Issuer Domicile
- South Korea
- Interoperability
- Multichain Issuance on Public & Permissioned Ledgers
- Available Networks
Avalanche
Korean Won, Made Digital
Trusted, transparent, and custody-driven. Issued by BDACS, Korea’s regulated financial institution for digital assets
Fully Backed, Always Redeemable
KRW1 is 1:1 collateralized with Korean won held in segregated accounts at a Tier 1 commercial bank, ensuring full solvency and redeemable.
Regulatory First
Designed to be compliant-ready in lockstep with the upcoming Digital Asset Framework Act of 2026, KRW1 sets a new standard for compliant stablecoins.
Institutional-Grade Custody
Issued and managed by BDACS - Korea’s leading licensed digital asset custodian - leveraging audited, ISO 27001-certified, battle-tested infrastructure for maximum security.
Transparency, Verified
Planned monthly attestations, bi-annual independent audits, and a real-time reserve dashboard provide unparalleled visibility into KRW1 circulation and reserve balances.
Multi-Chain & Programmable
Deployed across leading blockchains and permissioned ledgers, with compliance modules embedded at the smart contract level.
Built for Global Utility
From cross-border payments and DeFi liquidity to corporate treasury management and K-Culture micropayments, KRW1 is designed to power the next era of Korean digital finance
Use Cases for KRW1
From everyday spending to institutional finance, KRW1 brings the Korean won into the digital future.
For Individuals
Everyday Payments
Use KRW1 for faster, lower-cost digital payments - from coffee shops to online shopping.
Travel & Tourism
Pay seamlessly across borders in Asia-Pacific, avoiding expensive FX fees while still spending in a Korean-won-denominated token.
K-Culture & Entertainment
Power microtransactions for music, gaming, and live events, making small digital payments simple, secure, and instant.
Remittances
Send KRW1 abroad in seconds at a fraction of the cost of traditional wire transfers, while keeping value anchored to the Korean won.
For Institutions
Treasury Management & Settlement
Manage liquidity, pay suppliers, and settle transactions in real time with KRW1 fully integrated into enterprise systems.
Cross-Border Payments
Reduce currency risk and settlement costs in cross-border trade flows by transacting directly in KRW1 instead of USD-only rails.
Crypto Capital Market Access
Provide stable Korean-won trading pairs for exchanges, liquidity pools, and lending markets, unlocking new capital efficiency.
Asset Tokenization & Custody
Anchor tokenized bonds, securities, or real-world assets in KRW1 for issuance, settlement, and custody with full regulatory compliance.
Verified, Audited, Aligned
KRW1 supply in circulation and reserves will be independently attested, audited bi-annually, and published in real time - ensuring compliance and regulator-grade transparent.⁴
As of 09/18/2025
KRW1 in Issuance2
15,000,000 KRW1
KRW1 Reserve Funds3
₩ 15,000,000
Download the Whitepaper
KRW1 is setting the standard for sovereign-aligned, regulator-ready, and institution-first framework for the Korean won stablecoin.
While others are experimenting, KRW1 is ready and already setting the benchmark.
Contact Us
Institutional doors are open - connect with us for proof-of-concept collaborations that build Korea’s digital finance rails and shape the future of the Korean won.
KRW1 is designed for institutions that demand stability, compliance, and transparency. Whether you are a bank, asset manager, corporate treasury, fintech, or regulator, our team is ready to engage with you directly.
Institutional Inquiries for KRW1 (Proof-of-Concept)
For partnerships, custody services, and strategic collaborations:
Regulatory & Compliance Engagement
For inquiries from regulators, supervisors, and auditors:
Media & Press
For interviews, speaking opportunities, or press coverage:
General Information
For other inquiries or to be connected with the right team:
Disclaimers: Proof-of-Concept Status and Limitations
- ¹ KRW1 is issued and managed by BDACS, a regulated Korean digital asset custodian, solely as part of its proof-of-concept phase. KRW1 is a technology demonstration project designed to showcase the infrastructure, governance, and reserve framework that may support a fully regulated, commercial Korean won stablecoin in the future. KRW1 is "not in commercial production," and it is not available for use, reliance, or deployment by third parties. No tokens issued under this proof-of-concept should be construed as a financial product, investment instrument, or means of payment for public or retail use. All reserves supporting this proof-of-concept are maintained in segregated accounts at Tier 1 Korean banks. Attestation and audit reports are planned for publication on a regular basis to demonstrate operational integrity. KRW1 remains strictly a technology demonstration and does not constitute a commercial product, financial instrument, or medium of exchange. It is not available for retail, public, or third-party institutional use. Any future commercial issuance of KRW1 will be subject to full regulatory approval and compliance with applicable laws, including but not limited to, the upcoming Digital Asset Framework Act.
- ² KRW1 in circulation during the proof-of-concept phase is held exclusively in wallet addresses controlled and managed by BDACS. No KRW1 is held, custodied, or operated by any third parties, whether in Korea or abroad. During the proof-of-concept stage, KRW1 is not freely transferrable. Any transfer or allocation may occur only with the explicit approval of BDACS and solely within the parameters of the proof-of-concept framework.
- ³ All reserve funds supporting KRW1 during its proof-of-concept phase are the exclusive property of BDACS and represent internal “house capital.” No third-party funds have been, or will be, used to collateralize KRW1 during this stage. For the avoidance of doubt, during the proof-of-concept phase, no third-party funds - whether from institutions, individuals, or entities in Korea or abroad - are utilized as reserves for KRW1.
- ⁴ KRW1 is currently operating in a proof-of-concept phase and is not a commercial financial product. During this phase, BDACS does not conduct recurring monthly attestations or semi-annual independent audits; any reports made available are solely for technology demonstration purposes. Upon transition to regulated commercial issuance, KRW1 will implement a formal transparency framework, including monthly bank attestations, semi-annual independent audits, and public disclosure of results in accordance with supervisory and institutional expectations.