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Events / Plume Launches KRW1 Stablecoin in South Korea
Business stablecoin launch

Plume Launches KRW1 Stablecoin in South Korea

Analysis based on 9 articles · First reported Feb 03, 2026 · Last updated Feb 03, 2026

Sentiment
60
Attention
4
Articles
9
Market Impact
Direct
Live prominence charts, article sentiment distribution, and event development timeline available on the NewsDesk Dashboard
Market Impact

The introduction of KRW1 by Plume and Beyond Digital Asset Custody Service is expected to significantly boost institutional participation in the real-world asset market in South Korea. This will reduce FX costs and operational complexity for Korean investors, potentially leading to increased capital flows into the RWA sector and further innovation in tokenized securities.

Financial services Cryptocurrency Blockchain
Event Summary

Plume, a leading real-world asset (RWA) network, has partnered with Beyond Digital Asset Custody Service (BDACS) to introduce KRW1, a stablecoin denominated in South Korea===South Korean won. This initiative aims to facilitate payments and investments for Korean investors and institutions directly in South Korea===South Korean won within Plume's ecosystem. The decision to launch a non-USD stablecoin in South Korea reflects the country's advanced regulatory environment for RWAs, including a tokenized securities (STO) framework. KRW1, launched by BDACS in September 2025, is fully backed by South Korea===South Korean won deposits held in an escrow account at Woori Bank. This collaboration is expected to reduce foreign exchange costs and operational complexities for Korean investors, paving the way for greater institutional involvement and potential expansion to other Asian currencies.

Key Actions
100 Plume Design introduced KRW-denominated stablecoin KRW1 Beyond Digital Asset Custody Service
90 Beyond Digital Asset Custody Service issued KRW1 stablecoin Plume Design
80 South Korea introduced tokenized securities (STO) framework
50 Woori Bank holds KRW deposits backing KRW1 Beyond Digital Asset Custody Service
Entities Involved
priv
Plume Design
Plume, as the leading real-world asset (RWA) network, has introduced the KRW-denominated stablecoin KRW1, expanding its ecosystem and offering a new pathway for Korean institutional investors. This move strengthens Plume's position as a regulation-aligned RWA infrastructure provider in Asia.
Importance 100 Sentiment 70
priv
Beyond Digital Asset Custody Service
BDACS issued the KRW1 stablecoin and successfully completed a proof of concept, validating its technical feasibility and operational stability. This collaboration with Plume enhances BDACS's role in the digital asset custody space.
Importance 90 Sentiment 60
cnt
South Korea
South Korea's regulatory readiness and institutional demand for RWAs made it the first non-USD currency choice for Plume. The country's advanced RWA regulatory environment, including the tokenized securities (STO) framework, is crucial for this expansion.
Importance 80 Sentiment 50
curr
South Korea===South Korean won
The South Korea===South Korean won is the underlying currency for the KRW1 stablecoin, allowing Korean investors to make payments and investments directly in their local currency, reducing FX costs and operational complexity.
Importance 70 Sentiment 40
per
Teddy Pornprinya
Teddy Pornprinya, Co-Founder and CBO of Plume, highlighted the significance of adding KRW1 to Plume's ecosystem, emphasizing the new pathway for Korean institutional investors and Korea's strategic importance for Plume's expansion in Asia.
Importance 60 Sentiment 50
stock
Woori Bank
Woori Bank holds the KRW deposits in an escrow account that fully backs the KRW1 stablecoin, providing a crucial layer of security and trust for the digital asset.
Importance 50 Sentiment 30
per
Hong-yeol Ryu
Hong-yeol Ryu, CEO of BDACS, commented on Plume's institution-ready RWA platform and how the integration of KRW1 further strengthens its position as a regulation-aligned RWA infrastructure provider in Asia.
Importance 50 Sentiment 50
+ 3 more entities View on Dashboard
Relationships
Plume Design related ↔ Beyond Digital Asset Custody Service
South Korea related ↔ Plume Design
Beyond Digital Asset Custody Service related ↔ South Korea
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