Woori Bank is pursuing a Web3 finance strategy centered on won-stablecoins and STO opportunities, signaling early preparation for new business opportunities. The bank envisions a two-track wallet approach, seeking collaboration with external wallets if competitive, while also signaling readiness to develop its own digital wallet should regulation permit. Inside the organization, the plan envisions seamless on-chain and off-chain interactions that tie together customer accounts and wallets, enabling revenue streams from won-stablecoins and facilitating corporate transactions and cross-border foreign exchange through partnerships.
A consortium to issue won-stablecoins is being formed to attract participation from mainstream banks, tech giants, and fintechs, with a formal announcement expected once digital asset legislation advances. The group is also exploring strategic equity investments and has stakes in a custody and stablecoin technology provider, BeIDx, with other investment opportunities under consideration. Additionally, the firm is focusing on STO and RWA asset sourcing, proposing partnerships with overseas specialists to identify investable assets such as unlisted overseas equities, intellectual property, and art to broaden its customer base, while continuing to build blockchain infrastructure and ensure efficient, secure transactions through partner collaboration.
Woori Bank is pursuing a Web3 finance strategy centered on won-stablecoins and STO opportunities, signaling early preparation for new business lines. The bank envisions a two-track wallet approach, seeking collaboration with external wallets if competitive, while also signaling readiness to develop its own digital wallet should regulation permit. Internally, the plan aims to create seamless on-chain and off-chain interactions that tie customer accounts and wallets together, enabling revenue from won-stablecoins and supporting cross-border remittances and foreign exchange through partnerships.
On the B2B side, the bank intends to leverage its WonBiz Plaza supply chain platform to settle orders and settlements in stablecoins, simplifying transactions between buyers and suppliers. Partnerships with overseas exchanges and fintechs will support foreign exchange services and widen the ecosystem. A consortium to issue won-stablecoins is being formed to attract participation from mainstream banks, tech giants, and fintechs, with a formal announcement planned once digital asset legislation advances.
The AX Innovation Group is also pursuing strategic equity investments, including stakes in custody and stablecoin technology provider BeIDx, and exploring STO and RWA asset sourcing. Domestic and international partners are being sought to identify investable assets such as overseas unlisted equities, intellectual property, and art, expanding the customer base while continuing to build blockchain infrastructure and ensure efficient, secure transactions through collaboration.
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