The South Korean Digital Bank Kakaobank hopes to strengthen and revise its place in the Stablecoin market and are reportedly revised various access strategies, including a potential stablecoin won.
Summary
- Kakaobank investigates Stablecoin’s issue and guardianship services as part of his digital assets strategy.
- The bank’s initiative is led by a group-wide Stablecoin task force in which Kakaopay and other affiliated companies are involved.
Local media outlet reports say that the financial director of Kakaobank, Kwon Tae-Hoon, has confirmed that the company is evaluating a series of possibilities with regard to stable coins, including issue and digital guardianship services.
Is Kakaobank launching a stablecoin?
During the income call from Kakaobank 2025 from the first half of the first half, Kwon stated that the bank “evaluates different methods such as issuing and custody” and is planning to “actively participate” in the digital asset space.
According to ZDNet Korea, this effort is led In combination with the Internal Stablecoin Task Force (TF) of the Kakao Group, including leadership of large affiliated companies such as Kakaopay.
“For the past three years we have published real verified accounts for virtual asset exchanges and have exploited risk-related measures such as Know Your Customer (KYC) and anti-money white (AML)-based monitoring,” he said, adding a strong basin in digital Acta-inspirant.
Kakaobank has also participated in the experiment of the Central Bank Digital Currency (CBDC) of the Bank of Korea, where it successfully conducted the creation of wallet, assets exchange and transfer tests.
Kwon noticed these experiences, rested the bank with both the technological and legal know-how needed to enter the Stablecoin sector.
Although the bank has not explicitly announced plans to issue a stablecoin during its profit call, actions from the past suggest that such a step can already be taken into consideration.
In June, Kakaobank submitted Multiple trademark applications for the Korean Intellectual Property Office with regard to potential Stablecoin offers.
The applications, including brand names such as BKRW and KRWB, relate to a wide range of categories of Cryptocurrency transaction software, blockchain-based payment platforms and financial services with digital assets.
These archives, although no final proof of a Stablecoin launch, correspond to the broader interest of the company in digital financing and signal -preparing groundwork.
A Kakaobank officer later said that the archives were being done to “respond proactively to developments in the Stablecoin market.”
South Korea’s focus on stablecoins
The announcement of Kakaobank comes as Stablecoins a momentum in South Korea winning in the midst of legal changes introduced by President Lee Jae-Myung. Since his election in June of this year, Lee has openly supported cryptocurrency innovation and supported legislative efforts to legalize the issue of Stablecoins that have been linked to the Korean.
These policy shifts have caused an increase of interest in major financial institutions. Nine leading South Korean banks, including Kakaobank and Kookmin Bank, have in fact submitted trademarks or announced internal reviews aimed at launching their own won-backed stablecoins by 2026.
While other banks are still in the planning phase, fintech company FANC and digital infrastructure provider Initech recently revealed the first Stablecoin, KRWIN in South Korea. The token is supported 1: 1 won by the Korean and was introduced on 5 August in a controlled pilot phase.
And it is not only in South Korea – Stabilecoins have become an important talk point in the global financial markets. Large economies, including the US, China and Japan, together with financial giants such as Citigroup and JP Morgan, have announced plans to explore or launch their own Stablecoins.
Last month, the total market capitalization of Stablecoin reached a new highest highlight of $ 261 billion, which marked the 22nd consecutive month of growth, with a significant increase in institutional acceptance, usefulness in the chains and trade volumes in centralized exchanges.
