KakaoBank is advancing the development of Korean Won stablecoins and on-chain settlement infrastructure.

KakaoBank, the digital bank under South Korean IT giant Kakao, is accelerating the construction of a technical system to support the KRW stablecoin and tokenized assets, covering smart contract execution, token standards, full nodes, and issuance management backend; its blockchain partner Kaia has submitted trademarks for at least four Korean won-pegged stablecoins in August.