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Futures
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NEW
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NEW
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One-stop lending hub
VIP Wealth Hub
Customized wealth management empowers your assets growth
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Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
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HOT
Stake BTC and earn 10% APR
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Korean Financial Giants Layout for Korean Won Stablecoin KakaoBank Pegging Project Enters New Implementation Phase
Kakao Group's digital bank KakaoBank is actively promoting the development of its Korean won-pegged stablecoin. According to reports, the institution has currently posted job openings on its official website seeking blockchain service backend developers. Applicants are required to have in-depth knowledge of smart contracts, an understanding of token standards, and practical experience in transaction management and full node operation.
At the group level, KakaoBank's Chief Financial Officer Kwon Tae-hoon mentioned during the H1 2025 financial report briefing in August that the bank is evaluating various possibilities in the digital financial sector, including issuing digital assets independently or acting as a custodian.
Notably, Kakao Group's payment subsidiary KakaoPay has already applied for copyrights for several stablecoin code symbols. Records show that in June this year, KakaoPay applied for protection of multiple pegged Korean won (KRW) stablecoin codes such as PKRW, KKRW, and KRWP. These codes all incorporate the Kakao or KakaoPay brand logos along with the Korean won abbreviation.
This series of actions demonstrates that Kakao Group is advancing its Korean won-pegged stablecoin strategy through multiple subsidiaries from different angles, reflecting the strategic deployment of traditional fintech companies in the digital asset space.