Plume Introduces KRW1 Stablecoin, Boosting Korean Institutional Investments

Plume Launches KRW1 Stablecoin for Korean Investors

In a groundbreaking move, Plume, the leading Real-World Assets (RWA) network, has introduced the KRW1 stablecoin, enabling seamless investments for institutional players in South Korea. The KRW1 coin is issued by BDACS (Beyond Digital Asset Custody Service), a top digital asset custody firm, and it aims to simplify the investment process in Korean Won (KRW) within Plume's ecosystem.

Teddy Pornprinya, co-founder and Chief Business Officer of Plume, highlighted that the company operates one of the world's largest RWA ecosystems, with over 280,000 RWA holders and assets worth $645 million. The addition of KRW1 not only facilitates payments but also opens a new avenue for Korean investors to engage directly with the RWA market without the need for USD-denominated assets. This strategic introduction marks a significant shift for Korean institutional investors seeking to diversify their portfolios with on-chain assets.

The decision to adopt the South Korean Won as the first non-USD stablecoin underscores the regulatory readiness and increasing institutional demand within South Korea. Following recent updates to the Capital Markets Act and the Electronic Securities Act, the country has established a regulatory framework for tokenized securities, recognized as one of the most advanced in Asia. This shift towards a more stable and structured investment environment supports Plume's ambitions for expansion in the Asian market.

"Korea presents a clear regulatory landscape that encourages innovation, making it an essential strategic hub for Plume's growth in Asia," Pornprinya stated. He pointed out that major financial institutions are increasingly investing in RWAs and blockchain technologies, further affirming South Korea's position in the financial sector.

The KRW1 stablecoin, launched by BDACS in September 2025, is entirely backed by KRW deposits held in a trust account at Woori Bank. BDACS successfully conducted a proof of concept that included KRW deposits, token issuance, and on-chain verification, confirming both technical viability and operational stability.

According to Hong-yeol Ryu, CEO of BDACS, Plume has effectively positioned itself as an institute-friendly RWA platform through embedded compliance and complete EVM compatibility. The launch of KRW1 strengthens the company’s reputation as a regulatory-focused RWA infrastructure provider in Asia, thus enhancing its capabilities to support Korean investors.

By utilizing KRW1, South Korean investors can now engage directly in Won-denominated investments, lowering foreign exchange costs and operational complexities. This innovation also paves the way for greater institutional participation, potential future on-chain issuances from Korean financial institutions, and the expansion to additional Asian currencies such as the Japanese Yen and Singapore Dollar. These developments are likely to promote a vibrant and diverse investment landscape within the region.

In summary, Plume's strategic introduction of the KRW1 stablecoin marks a promising evolution in the realm of asset investment in South Korea. The company is not only democratizing access to a plethora of global assets—including real estate loans, private funds, and government bonds—but is also significantly paving the way for a new wave of institutional investors eager to explore the advantages of blockchain technology in asset management. With a rapidly expanding ecosystem and the substantial backing of major global asset managers like Apollo Global Management and WisdomTree, Plume is undoubtedly positioning itself at the forefront of the evolving financial landscape.

For more about Plume and its innovative offerings, visit Plume's website.