Injective_Official
Today, we are proud to announce the Korean won is being tokenized on Injective.
Injective is bringing one of the world’s largest currencies onchain for our rapidly growing RWA ecosystem.
BDACS is issuing KRW1, Korea’s first won backed stablecoin, with reserves held at a major Korean bank.
Korean investors want onchain markets. Most of those markets settle in dollars. That gap shows up as capital leaving Korea. The country’s top exchanges like Upbit and Binance, have posted 18 straight months of net stablecoin outflows to offshore platforms, about $10.4B.
Injective has processed more than $7.5B in RWA volume, and over $1B in tokenized assets have been issued on the network.
Next, we’re building toward the largest tokenized foreign FX and RWA markets entirely onchain.
Won settlement is the next institutional layer. Injective is where it starts.
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