Plume Introduces KRW1 Stablecoin to Enhance Korean Institutional Investment Accessibility

Introduction to KRW1 Stablecoin

In a significant development for the financial landscape, Plume, the foremost global network for real-world assets (RWA), has launched a new stablecoin called KRW1. This innovative currency, denominated in South Korean Won (KRW), is issued by BDACS (Beyond Digital Asset Custody Service), a leading company specializing in digital asset custody. With this introduction, Plume aims to streamline the investment process for Korean institutions, allowing them to engage directly with the burgeoning RWA ecosystem without the complexities associated with foreign currency transactions.

Opening New Financial Channels

The collaboration between Plume and BDACS marks a crucial step towards facilitating real-time payments and investments in KRW across the Plume platform. Teddy Pornprinya, co-founder and Chief Business Officer (CBO) of Plume, emphasized that by incorporating KRW1, the company is establishing a fresh gateway for institutional investors in Korea to explore the vast opportunities presented by RWA markets.

Currently, Plume operates one of the world's largest RWA ecosystems, boasting over 280,000 RWA holders and managing approximately $645 million in assets. The decision to adopt KRW as a primary currency reflects both regulatory readiness in Korea and an increasing institutional demand for localized investment avenues. According to Pornprinya, this move demonstrates a commitment to a market that combines clear regulatory frameworks with innovative financial solutions.

South Korea's Regulatory Landscape

South Korea has emerged as a significant player in the realm of asset tokenization, especially following recent amendments to its Capital Markets Act and Electronic Securities Act. These reforms introduced a framework for security tokens (STOs), integrating them into the regulated financial system, thus establishing a more conducive environment for RWA investments. The nation is recognized for one of the most advanced regulatory frameworks in Asia, offering clarity and promoting rapid technological advancements in financial sectors.

According to Pornprinya, “Korea is a market characterized by its comprehensive regulations that simultaneously foster innovation.” This duality positions South Korea as a strategic hub for Plume's expansion efforts in Asia, especially as major financial institutions ramp up their RWA-related investments.

Launch and Operations of KRW1

The KRW1 stablecoin was officially launched in September 2025 and is designed to be fully backed by KRW deposits held in an escrow account at Woori Bank, a respected national commercial bank. BDACS has successfully conducted a proof of concept (PoC) encompassing KRW deposits, token issuance, and on-chain verification, confirming the operational stability and technical feasibility of the stablecoin.

Hong-yeol Ryu, CEO of BDACS, stated, “Plume has firmly established itself as a regulatory-compliant RWA platform designed for institutional use, and the integration of KRW1 enhances its standing as an infrastructure provider aligned with Asian regulations.”

Investor Benefits and Future Prospects

With the introduction of the KRW1 stablecoin, South Korean investors can now transact and receive returns directly in their local currency. This not only reduces the costs associated with currency exchange but also simplifies operational processes, paving the way for increased institutional participation. Furthermore, this development sets the stage for future blockchain issuances by South Korean financial institutions, potentially expanding into other Asian currencies like the Japanese yen and Singapore dollar.

Plume’s network currently grants access to a range of assets managed by global investment firms, including Apollo Global Management, WisdomTree, and BlackOpal, covering asset classes such as real estate-backed loans, private equity funds, and government bonds.

Conclusion

In conclusion, the launch of the KRW1 stablecoin signifies a transformative moment for Korean institutional investment in the field of real-world assets. By breaking down currency barriers and providing a platform tailored to local regulations, Plume is set to lead the charge in reshaping investment strategies and enhancing financial accessibility for institutions across South Korea. For more information about Plume and its innovative solutions, visit Plume's official website.