Injective Collaborates with BDACS to Bring Korea’s First Won-Backed Stablecoin to Onchain RWAs
Seoul, South Korea, October 20th, 2026, FinanceWire
Today, Injective is proud to announce that it has partnered with BDACS, the issuer of KRW1, Korea’s first stablecoin fully backed by the Korean won. Under a memorandum of understanding (MOU) signed by both companies, the two teams will work together to establish KRW1 as the first won-denominated settlement asset for real-world assets (RWAs) and tokenization use cases within the Injective ecosystem.
The cooperation brings together a fully reserved won stablecoin and a blockchain purpose-built for finance, with a focus on institution-ready use cases for won-denominated onchain markets.
A Won-Denominated Settlement Layer for Onchain Finance
Stablecoins have become the settlement layer of onchain finance. Total supply across onchain markets ...
