Injective is tokenizing the the Korean won onchain for our rapidly growing RWA ecosystem.KRW1 is a stablecoin that is 1: | Hanami
Injective is tokenizing the the Korean won onchain for our rapidly growing RWA ecosystem.
KRW1 is a stablecoin that is 1:1 backed by the Korean Won with assets held at major Korean banks.
Why it matters 👇
→ 16M+ Koreans hold crypto accounts, nearly a third of the country → Korea’s stock market is worth ~$5T, top 10 globally → Yet 99% of stablecoins are dollars, and $10.4B in stablecoins has flowed from Korean exchanges to offshore platforms over 18 straight months
Korean investors want onchain markets. Until now they had no way to access them in won.
With KRW1 on Injective:
→ Tokenized RWAs trade and settle directly in won → Onchain Won can be used across perps, FX, bonds and more on $INJ → Won and dollar rails live side by side with native USDC on Injective → Korean institutions can bring their assets onchain, settled in KRW1
Injective has already processed $7.5B+ in RWA volume, and POSCO International and LG CNS are settling live trade receivables onchain.
This is just the first step. Stay tuned as we scale tokenization to new heights.