BDACS
Korean custodian behind KRW1, the first won-backed stablecoin
About
BDACS (Busan Digital Asset Custody Services) is a regulated South Korean digital asset custodian that launched KRW1, the country's first won-backed stablecoin, on the Avalanche blockchain. KRW1 is backed 1:1 by Korean won held in escrow at Woori Bank, with real-time API-based reserve verification. BDACS has partnered with Plume to enable Korean institutions to access tokenized real-world assets denominated in KRW1.
Stablecoins
Key products
Chains
- Founded
- 2022
- HQ
- Busan, South Korea
- Stage
- Private
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