OKRW pre-launch stablecoin tracker
OKRW is the pre-launch native KRW stablecoin of Maroo, Hashed Open Finance's sovereign L1 testnet for regulated and open-path Korean Won issuance.
Phase
Current launch phase
Target launch
Target drift
First target, unchanged
Since announcement
Announced Jan 2026
Live surfaces
Activates at launchPrice & peg · Supply & flows · Liquidity · Safety Score · DEWSThe Native Won of Hashed's Maroo L1
OKRW is the planned Korean Won stablecoin of Maroo, the Layer 1 that Hashed Open Finance built specifically to host it, where it doubles as the network's native fee token. Maroo is presented as the first sovereign L1 purpose-built for KRW stablecoins, with a dual-track design: regulated activity passes pre-approval and compliance checks, while open-path activity stays permissionless. The testnet went live in May 2026 with OKRW as its native token, and mainnet is targeted before the end of 2026. The design specifies a KRW peg, but the issuer and reserve arrangements are not yet decided and no redemption terms are published, so there is nothing to score. The durable constraint is that the token's credibility will rest on reserve and redemption terms that are not yet public.
· AI summary · drafted by claude-opus-5-5 · facts as of 2026-11-01
AI policy
OKRW Launch path
Testnet phase, targeting 2026 on its first target; 2 milestones logged since Jan 2026.
Launch status narrative
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; OKRW is planned as a won-pegged stablecoin, but no issuer has been named and Tiger Research reported on September 17 2026 that issuer eligibility was still under discussion
Launch status: quick answers
- When will OKRW launch?
- Pharos records OKRW in the testnet phase. It was announced in Jan 2026. The current launch target is 2026. Targets come from issuer statements; Pharos does not estimate launch dates.
- Who issues OKRW?
- OKRW is the pre-launch native KRW stablecoin of Maroo, Hashed Open Finance's sovereign L1 testnet for regulated and open-path Korean Won issuance.
- Is OKRW live yet?
- Pharos lists OKRW as pre-launch (the testnet phase): no price and market-cap source is admitted for it yet, so Pharos shows no price, supply, liquidity or Safety Score. Live tracking starts once both can be verified.
OKRW Activity
- Testnet
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.
Source - Announcement
Hashed Open Finance publishes Maroo litepaper with OKRW as the network's stablecoin
Hashed Open Finance released a litepaper for Maroo, a Korean won focused Layer 1 whose network fees are paid in a won stablecoin, with separate open and regulated paths.
Source