---
title: "OKRW (OKRW) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/okrw-hashed/"
description: "Build-time stablecoin profile for OKRW (OKRW). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-05-15"
---



# OKRW (OKRW)

**Peg:** Korean Won

**Backing:** Real-World Asset Backed

**Governance:** Centralized (CeFi)

**Status:** pre-launch

## Overview

Pre-launch native KRW stablecoin of Maroo, Hashed Open Finance's sovereign L1 testnet built specifically for Korean Won; regulated and open issuance tracks, mainnet targeted for late 2026. 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.

## Collateral

1:1 Korean Won fiat reserves; dual-track regulated and open issuance paths on the Maroo L1 blockchain

## Peg Mechanism

KRW-native Maroo model: OKRW is designed as a Korean Won stablecoin pegged 1:1 to KRW and used as the network's native fee token; Maroo's dual-track transaction model routes regulated activity through pre-approval and compliance checks while open-path activity remains permissionless

## Jurisdiction

| Country | Regulator | License |
| --- | --- | --- |
| South Korea | N/A | N/A |

## Live Data

This is a pre-launch stablecoin profile. Live API data is not available until launch.