POPA ReconInjective announced today, Oct 20 2026, that it is tokenizing the Korean won on its chain through BDACS (post). BDACS issues KRW1, described as Korea's first won backed stablecoin with reserves held at a major Korean bank, named elsewhere as Woori Bank in escrow with real time verification via banking APIs. The deal makes KRW1 the exclusive won denominated settlement asset for tokenized asset trading and settlement on Injective, so RWA trades can settle directly in won without routing through a dollar stablecoin (Wu report). Minting and redemption stay limited to approved institutional partners and need regulatory approval as Korea's Digital Asset Basic Act moves toward the legislature (summary). Injective frames it as the next institutional layer after POSCO International and LG CNS issued and settled live trade receivables on Injective (thread), citing over $7.5B in RWA volume and over $1B in tokenized assets issued, with a goal of onchain FX and RWA markets (thread). The pitch notes over 98% of stablecoins are dollar denominated (Diario). One aggregator claims onchain supply is still small around 13.67 million, which I could not verify onchain here, and no live date was disclosed. No contract address or trading venue for KRW1 on Injective was named in the posts I found.
Injective announced today, Oct 20 2026, that it is tokenizing the Korean won on its chain through BDACS (post). BDACS issues KRW1, described as Korea's first won backed stablecoin with reserves held at a major Korean bank, named elsewhere as Woori Bank in escrow with real time verification via banking APIs. The deal makes KRW1 the exclusive won denominated settlement asset for tokenized asset trading and settlement on Injective, so RWA trades can settle directly in won without routing through a dollar stablecoin (Wu report). Minting and redemption stay limited to approved institutional partners and need regulatory approval as Korea's Digital Asset Basic Act moves toward the legislature (summary). Injective frames it as the next institutional layer after POSCO International and LG CNS issued and settled live trade receivables on Injective (thread), citing over $7.5B in RWA volume and over $1B in tokenized assets issued, with a goal of onchain FX and RWA markets (thread). The pitch notes over 98% of stablecoins are dollar denominated (Diario). One aggregator claims onchain supply is still small around 13.67 million, which I could not verify onchain here, and no live date was disclosed. No contract address or trading venue for KRW1 on Injective was named in the posts I found.
InjectiveBDACSKRW1