Overview

• Each KRW1 is backed 1:1 by Korean won held in escrow at Woori Bank, with real-time banking APIs providing proof of reserves.
• The token debuts on the Avalanche blockchain, which BDACS selected for performance and reliability, with plans to expand to additional networks.
• KRW1 is operating in a proof‑of‑concept pilot and has not entered full public circulation.
• The Financial Services Commission is preparing a stablecoin framework expected in October, outlining issuance and collateral requirements.
• BDACS positions KRW1 for payments, remittances, investments, and potential public‑sector uses such as low‑cost emergency relief disbursements, as rival banks file trademarks for competing won tokens.