BDACS, Aptos Partner to Build On-Chain Commerce Ecosystem for KRW1 Stablecoin

Uk Jin

Summary

BDACS said it signed a memorandum of understanding with Aptos to expand the KRW1 ecosystem and cooperate on infrastructure.
The companies plan to broaden KRW1 use in the real economy across Aptos’s domestic and international payment rails and partnership network, including mobile gift certificate payment links and wallet infrastructure integration.
BDACS and Aptos said they will build a global on-chain commerce infrastructure using KRW1 for everyday payments, business-to-business settlement and RWA tokenization.

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BDACS, a digital-asset infrastructure company, said on May 13 that it signed a memorandum of understanding with layer-1 blockchain platform Aptos to expand the ecosystem for KRW1, a won-pegged stablecoin, and cooperate on infrastructure. The company said KRW1 is the world’s first won-pegged stablecoin.

Under the agreement, BDACS will expand the KRW1 ecosystem to the Aptos network.

The companies plan to broaden practical use cases for KRW1 across Aptos’s domestic and international payment rails and partnership network. They will explore applications in the real economy, including payment links with mobile gift certificate services and integration with blockchain wallet infrastructure.

BDACS Chief Executive Officer Ryu Hong-yeol said Aptos’s transaction-processing capabilities and global network provide an optimal environment to bring KRW1’s digital financial infrastructure into everyday use. He added that the partnership would help establish KRW1 as a general-purpose stablecoin.

Ash Pampati, SVP and Head of Growth at the Aptos Foundation, said combining BDACS’s KRW1 with the Aptos blockchain would support the buildout of a global on-chain commerce infrastructure spanning everyday payments, business-to-business settlement and real-world asset tokenization.

KRW1