Injective designates the Korean won stablecoin KRW1 as the sole Korean won settlement asset for RWA and tokenization activities.

PANews October 20 news, according to The Block, Injective has signed a memorandum of understanding with BDACS to position BDACS' Korean won-pegged stablecoin "KRW1" as the sole Korean won settlement asset for RWA and tokenization activities on the Injective network. The partnership aims to enable tokenized assets to be traded and settled directly in Korean won on the Injective network, without the need for intermediation through USD stablecoins. The minting and redemption of KRW1 are restricted to approved institutional partners and must comply with regulatory requirements.