KRWQ Lists on Grow, Enabling Won-Based Investment Access to SpaceX

KRWQ, a won-pegged stablecoin, has been listed on tokenized asset platform Grow.

KRWQ announced on its official X account on July 8 that the token had been listed on Grow. The company said users can gain on-chain investment exposure to OpenAI, Anthropic and SpaceX through won-based assets.

Grow is a platform that lists more than 500 tokenized stocks, exchange-traded funds and commodities. With KRWQ's listing, Grow users can now invest in tokenized assets through won-based holdings.

KRWQ is a won-pegged stablecoin jointly developed by Web3 infrastructure company IQ and Frax. According to the company, it was designed to allow real-time verification of won reserves, as well as issuance and burn records.

KRWQ has also recently integrated Chainlink's Proof of Reserve, or PoR. Chainlink said its Proof of Reserve strengthens regulatory readiness for what it called the world's largest on-chain won-based foreign-exchange market.