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About KRW1
KRW1 is a fully backed Korean Won (KRW) stablecoin developed by BDACS, Korea's leading, fully regulated digital asset custodian. KRW1 is designed as a technological and regulatory proof-ofconcept, created to demonstrate the infrastructure readiness of the Korean digital asset sector, while also supporting the country's financial innovation agenda ahead of the anticipated passage of the Digital Asset Basic Act.
KRW1 maintains a 1:1 reserve ratio with the Korean Won, backed by fiat reserves, and held in a segregated account within a Tier-1 Korean commercial bank. It is governed by a comprehensive risk, compliance, and audit framework integrating real-time reserve verification, periodic attestations (as defined by regulatory requirements), and will be subject to annual third-party audits once KRW1 transitions from proof-of-concept to commercial use. This framework ensures robust user protection, transparent governance, and secure value alignment between the digital asset and its fiat counterpart.
Categories: Stablecoins, KRW Stablecoin, Avalanche Ecosystem.
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