KRWQ
KRWQ is a Korean won-backed stablecoin built on Frax and IQ infrastructure, enabling instant global settlement while users price transactions in KRW. The platform supports remittance, treasury operations, and commerce, with 100%+ asset backing and live, verifiable attestations published as issued. It integrates institutional reserve assets including BlackRock's BUIDL and Superstate's USTB, with availability on Fireblocks, EDX Markets, and Solana.
- Blockchain & Cryptocurrency
- Financial Technology
- Web3 & NFTs
Funding
Founders
Founder details are not available yet.
Product
Problem
Traditional Korean won transactions are limited by slow cross-border settlement, fragmented banking rails, and opaque reserve backing. Businesses and individuals face delays in remittance, treasury operations, and commerce when pricing in KRW, while the offshore NDF market operates beyond regulatory reach with limited transparency.
Solution
KRWQ provides a Korean won-backed stablecoin with 100%+ asset backing and live, verifiable attestations published as issued. Built on Frax and IQ infrastructure, KRWQ enables instant global settlement in seconds while users price transactions in KRW. The platform supports remittance, treasury operations with vendor payouts and internal transfers, and commerce with global settlement. Institutional backing comes from proven stablecoin infrastructure including BlackRock's BUIDL, Superstate's USTB, and WisdomTree, while IQ brings seven years of Korean market presence with listings on Upbit, Bithumb, and other major exchanges. Per-chain float is monitored and disclosed across networks, and redemption is handled by whitelisted institutional partners.
Target Audience
Primary customers include institutional users requiring stable Korean won settlement for remittance, treasury operations, and commerce, as well as exchanges, banking partners, and DeFi platforms seeking on-chain KRW exposure. The platform serves both individual and institutional users through licensed partner platforms in permitted jurisdictions.
Features
- Real-time supply and reserve data with attestations published as issued, verifiable on-chain
- Multi-network deployment with per-chain float monitoring and disclosure across live and planned networks
- Integration with institutional-grade reserve assets including BlackRock BUIDL, Superstate USTB, and WisdomTree
- Automated reserve verification via Chainlink integration
- Compliance infrastructure including licensing under virtual asset frameworks, tiered KYC/AML controls, Travel Rule alignment, and risk management protocols
- Availability on platforms including Fireblocks via Base, EDX Markets, and Solana
- Bridge functionality for cross-chain transfers and mint/redeem capabilities