Pharos can still tell you how this asset is supposed to work, when it expects to launch, and what sources to watch. Live market, peg, liquidity, and safety surfaces activate only after the first post-launch data sync.
First sovereign L1 blockchain (Maroo) purpose-built for KRW stablecoins; testnet live May 2026; dual-track regulated and open paths; mainnet targeted before end of 2026; 1:1 Korean Won fiat-backed
OKRW
OKRW
At a Glance
- Backing
- Real-World Asset Backed
- Governance
- Centralized (CeFi)
- Peg Currency
- Korean Won
- Jurisdiction
- South Korea
Launch Timeline
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Maroo L1 testnet launches with OKRW as native KRW stablecoin
First sovereign L1 blockchain purpose-built for KRW stablecoins; dual-track regulated and open paths.
SourceKorea Builds Its Own Chain
Hashed Open Finance didn't just build a KRW stablecoin — it built an entire Layer 1 blockchain to host it. Maroo is positioned as the first 'sovereign L1' purpose-built for Korean Won stablecoins, with a dual-track design that offers both a regulated path (bank-backed, KYC-gated) and an open path (permissionless issuance). The testnet went live in May 2026 with OKRW as the native token, and mainnet is targeted before year-end. In a country where crypto trading volumes regularly rival the stock market but regulated stablecoin infrastructure is virtually nonexistent, the thesis is less about technology and more about regulatory positioning: whoever builds the compliant KRW on-ramp first captures a market that has been using USDT as a proxy currency by default.
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