KakaoBank promotes the construction of a won stablecoin and on-chain settlement infrastructure

According to market news, South Korean IT giant Kakao's digital bank KakaoBank is accelerating the construction of a technical system that supports KRW stablecoins and tokenized assets, covering smart contract execution, token standards, full nodes, and issuance management backends; its blockchain partner Kaia has submitted at least four trademarks for KRW-pegged stablecoins in August.

Sam Seo, chairman of the Kaia Foundation, stated that they are in communication with multiple parties regarding the KRW stablecoin POC, but details are not disclosed due to confidentiality.