I just noticed that there are new developments in the RWA track. Plume, a globally leading physical asset network, recently launched the Korean Won stablecoin KRW1, issued by digital asset custody company BDACS, backed by actual custody provided by the Bank of Korea.

This move seems quite interesting. Plume currently manages nearly $6.5 billion in RWA assets, with over 280k holders across the ecosystem. Now, with KRW1, Korean institutional investors can directly pay and invest in Korean Won, completely bypassing the hassle and costs of currency exchange.

The Korean market is actually underestimated by many. Last year, they amended the Capital Markets Act and the Electronic Securities Act, establishing a comprehensive STO framework and integrating security tokens into the formal financial system. Korea’s RWA regulatory environment is among the most advanced in Asia. BDACS launched KRW1 as early as September last year, completing a full proof of concept that covers deposit, token issuance, and on-chain verification.

From Plume’s perspective, this is a crucial step in expanding into Asia. They now have access to assets from global asset management firms like Apollo Global Management, WisdomTree, and BlackOpal—including real estate loans, private equity funds, and government bonds. Korean institutions can now directly invest in these assets using Korean Won and earn returns, avoiding exchange rate risks and procedural complexities.

What’s more interesting is that this might just be the beginning. Plume is already planning support for Japanese Yen and Singapore Dollar, which could accelerate institutional capital flow into the Asian RWA market. Those interested in this track can follow the developments of related assets on Gate. The improvement of such institutional-grade infrastructure usually drives the growth of the entire ecosystem.