Injective and South Korean digital asset custodian BDACS signed a memorandum of understanding to explore using KRW1, a token backed one-to-one by Korean won reserves, for settling tokenized assets directly in won on Injective's blockchain. This initiative aims to provide an alternative to dollar stablecoins, initially targeting approved institutional partners and pending regulatory approval. The move comes amid significant stablecoin transfers from South Korea to overseas platforms, highlighting demand for won-backed digital settlement options. The agreement complements other institutional projects on Injective's network, including collaborations with POSCO International and LG CNS for trade receivables management as South Korea's regulatory framework evolves.
Injective and BDACS's MOU on won settlement for tokenized assets is contextually placed alongside Pluang's market data as of Oct 21, 2026 09:31 WIB. Among 50 major cryptocurrencies on Pluang, 42 rose and 7 fell today. Notable movers include SNX at Rp4.060 with a 4.96% increase and a strong buy interest of 75%, ENJ at Rp505 up 4.17%, and COTI at Rp204 rising 4.06%.
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