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South Korea's first bank-led KRW stablecoin proof-of-concept; built by iM Bank and Finger on the Kaia blockchain; features quantum-resistant (PQC) security via BTQ Technologies; pilot announced May 2026; symbol and ticker not yet confirmed
iM Bank KRW Stablecoin
KRW-iM
At a Glance
- Backing
- Real-World Asset Backed
- Governance
- Centralized (CeFi)
- Peg Currency
- Korean Won
- Jurisdiction
- South Korea
Launch Timeline
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iM Bank and Finger announce first bank-led KRW stablecoin PoC on Kaia
Pilot features quantum-resistant security via BTQ Technologies' post-quantum cryptography stack.
SourceQuantum-Resistant Won
iM Bank's KRW stablecoin proof-of-concept has a feature that most stablecoins won't need for a decade but makes excellent press releases: quantum-resistant post-quantum cryptography via BTQ Technologies on the Kaia blockchain. Set aside the security theater angle, and the actual significance is that a Korean commercial bank is building a KRW stablecoin at all — South Korea's regulatory stance on private stablecoins has been cautious to the point of paralysis, and a bank-led PoC signals that the regulatory ice may be thawing. The Finger partnership handles the wallet and DeFi integration layer, while iM Bank brings the banking license and the KRW reserves. Whether this moves beyond proof-of-concept depends entirely on whether Korean regulators want to compete with Hashed's OKRW for the title of first regulated KRW stablecoin — or whether they'd prefer neither existed.
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