Plume Revolutionizes Institutional Investments in South Korea with New KRW1 Stablecoin

Plume Revolutionizes Institutional Investments in South Korea with KRW1 Stablecoin

Plume, a groundbreaking player in the realm of Real World Assets (RWA), has officially unveiled its latest innovation: the stablecoin KRW1, denominated in South Korean won. This strategic move is poised to lower barriers for institutional investors in South Korea, allowing them to seamlessly engage with the Plume ecosystem, thereby simplifying the investment process.

In a recent announcement, Plume detailed how the KRW1 stablecoin, issued by BDACS (Beyond Digital Asset Custody Service), will enable institutional and individual investors to conduct transactions in their local currency. This integrates well with the broader goal of making the RWA environment more accessible to the South Korean market.

Opportunities for Korean Institutional Investors

Teddy Pornprinya, Co-Founder and Chief Business Officer of Plume, highlighted the significance of this launch. "Plume currently manages one of the world's largest RWA ecosystems, with over 280,000 RWA holders and $645 million in RWA. By introducing KRW1 as a payment and investment vehicle, we are paving a new path, particularly for Korean institutional investors, to enter the RWA market without relying solely on the US dollar."

The decision to opt for the South Korean won as the first non-dollar currency aligns with the regulatory preparedness and institutional demand in Korea. Following amendments to the Capital Markets Act and the Electronic Securities Act last year, South Korea has established a regulatory framework for tokenized securities that integrates security tokens into the regulated financial system. This makes it one of the most advanced regulatory contexts for RWA in Asia.

In exploring the potential of the South Korean market, Pornprinya noted, "It is a region where regulation is relatively clear yet innovation-friendly. Major financial institutions are expanding their investments in RWA and blockchain, making Korea a strategic hub for Plume's expansion across Asia."

The Assurance Behind KRW1

Launched in September 2025 by BDACS, KRW1 is fully backed by deposits in KRW held in a trust account at Woori Bank, a national commercial bank. BDACS successfully conducted a proof of concept (PoC) to validate both the technical feasibility and operational stability of issuing tokens backed by these deposits and verified on-chain.

"Plume has established itself as a compliant RWA-ready platform, enhanced by integrated compliance and full EVM compatibility," explained Hong-yeol Ryu, CEO of BDACS. "The incorporation of KRW1 further solidifies its standing as a provider of regulatory-compliant RWA infrastructure in Asia."

This new stablecoin opens the doors for investments from international asset managers like Apollo Global Management, WisdomTree, and BlackOpal, covering various asset classes including real estate-backed loans, private equity, and government securities. With KRW1, Korean investors can now directly invest and receive returns in won, minimizing exchange costs and operational complexities. This fosters greater institutional participation, the future issuance of on-chain products by Korean financial institutions, and potential expansion into other Asian currencies such as the Japanese yen and Singapore dollar.

About Plume

Plume stands as a leader in the RWA sector, providing a robust system for asset issuers and institutions to distribute on-chain resources through its native infrastructure. With the largest base of active wallets in the RWA sector and over 200 projects, Plume is shaping the next generation of on-chain capital markets. For more information, visit Plume's official website.