Hashed Open Finance, affiliated with global web3 venture capital hashed, has unveiled a blockchain called Maru for the KRW economy. Maru is a stablecoin-specific chain that has recently become a hot topic in the blockchain industry. Unlike other chains that pay for the use of blockchain networks with Ethereum and Tron, the advantage is that it is highly usable because it can be paid in won.
On the 22nd, Hashed Open Finance unveiled Maru’s light paper. Maru is Sovereign Layer 1 designed in consideration of the regulatory compliance system, auditability, and privacy protection required by the financial sector while maintaining the openness and scalability of the public blockchain. Hashed Open Finance is a corporation established for commercialization of stablecoins, real asset tokenization (RWA), and securities token issuance (STO), and is conducting research and development and commercialization to incorporate blockchain into the domestic financial market.
Maru’s first application target is Korean won, and it plans to expand to other legal currencies in accordance with the regulatory environment of each country in the future. Maru first designed to pay transaction fees in won stablecoins, lowering barriers to user entry. Blockchain can be used without having separate virtual assets, which is a virtuous cycle structure in which the demand and distribution of won stablecoins increase together as the ecosystem grows. It also introduces a ‘dual track’ trading model.
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