Injective Partners With BDACS to Bring KRW1 Stablecoin to Onchain RWA Settlement

Injective and Korean digital-asset custodian BDACS announced a memorandum of understanding on October 20 to establish KRW1 as a won-denominated settlement asset for real-world assets and tokenization in the Injective ecosystem. The proposed structure would let tokenized assets trade and settle in Korean won instead of routing transactions through dollar-denominated stablecoins, according to Injective and The Block . The announcement positions KRW1 for settlement rather than a broad retail launch: minting and redemption are initially for approved institutional partners and remain subject to regulatory approval. The memorandum positions KRW1 as the proposed Korean-won unit for settling tokenized assets within Injective.

Source: Crypto Daily