LayerZero announced that South Korean digital asset custodian BDACS has adopted its OFT standard for the KRW-pegged stablecoin KRW1, enabling native cross-chain interoperability. KRW1 becomes the first won stablecoin that can be transferred across major DeFi ecosystems without wrapped tokens, avoiding liquidity fragmentation.

Asia spent 2025 building non-USD stablecoin infrastructure, with Japan and South Korea leading new yen- and won-linked projects. Dollar-backed tokens still dominate, but local-currency use cases are expanding.

Plume, a leading RWA network, partners with BDACS to launch KRW1, a KRW-pegged stablecoin. Korean institutions can now invest and settle directly in won within Plume's ecosystem, cutting FX costs and tapping into a regulated market.

BDACS announced the launch of KRW1, a South Korean won-backed stablecoin on Avalanche, with reserves held at Woori Bank. The token targets payments, remittances, and public disbursements, and may serve as a technical standard under Korea's upcoming Digital Asset Basic Act.

BDACS, South Korea's first regulated institutional crypto custodian, partnered with Ripple to offer secure custody for XRP and RLUSD, aligning with the country's evolving regulatory framework for digital assets.

BDACS, South Korea’s first regulated digital asset custodian, has formed a strategic alliance with Ripple to offer institutional-grade custody for XRP and RLUSD, supporting the country’s evolving crypto regulatory environment.

BDACS and Ripple have formed a strategic partnership to strengthen institutional crypto custody in South Korea, adding support for XRP and RLUSD while aligning with the country’s evolving 2025 regulatory framework.

The Bank of England has conducted a proof of concept with Ripple to test the Interledger Protocol for synchronized cross-currency RTGS payments, signaling potential interest in ILP as a future RTGS upgrade option and strengthening Ripple’s institutional payments narrative.