Update
Injective, BDACS Plan Won-Backed Stablecoin for Tokenized Assets
Blockchain network Injective has entered into a memorandum of understanding with South Korean digital asset custodian BDACS to bring a won-backed stablecoin (KRW1) to its tokenized asset markets. KRW1 will serve as the exclusive won-denominated settlement asset for real-world assets (RWAs) on Injective, allowing institutions to trade and settle tokenized assets directly in Korean won. The agreement comes as South Korea develops rules for won-backed stablecoins under its proposed Digital Asset Basic Act, which aims to finalize by the end of 2026.