Plume Network has unveiled the KRW-denominated stablecoin KRW1, running on the Plume Network and issued in partnership with BEDAX. The move aims to lower entry barriers by enabling Korean investors to participate in the real-world asset (RWA) ecosystem using a familiar currency unit. CEO Chris In described Korea as one of the world’s strongest crypto communities with innovative financial institutions and vowed to support global asset tokenization in Korea.
CEO Chris In contrasted Plume’s approach with traditional tokenization, noting that while BlackRock’s tokenization fund BUIDL has about $2.1 billion in total value locked, it counts only around 112 holders, revealing liquidity constraints. By contrast, Plume Network currently counts roughly 846,000 holders in the global RWA market, with more than 286,000 holders actively on-chain, illustrating a bottom-up, retail-friendly model. This user-centric approach aims to accelerate adoption more effectively than incumbent, institution-led frameworks.
Market dynamics for RWA are rapidly expanding, with the market size growing from about $550 million in early 2025 to around $1.88 billion today. Plume Network argues that Korea’s world-class crypto community, innovative financial institutions, and strong K-Culture IP position it well for rapid RWA growth. Regarding regulation, CEO In stressed a proactive stance: rather than waiting for STO legislation, the company is building practical infrastructure now and engaging regulators to unlock global opportunities, while focusing on protecting consumers and fostering new capital inflows.
Leave a Reply