South Korea's KB Securities to Bring Tokenized Funds to Optimism
KB Securities has signed a memorandum of understanding (MOU) with Optimism and Securitize to collaborate to bring tokenized funds to Korean institutional investors on OP Mainnet.
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South Korea
South Korea's 22% Crypto Tax Faces 50,000-Signature Petition
A petition asking lawmakers to delay South Korea's new crypto tax two years has passed 50,000 signatures, forcing parliament to examine it. The government is steadfast: the tax takes effect January 2027.
Korea's First Won-Backed Stablecoin Goes Cross-Chain via LayerZero
On Tuesday, the LayerZero team announced via X that BDACS has selected LayerZero's OFT standard to take KRW1, the first on-shore Korean won-backed stablecoin, cross-chain.
$200B Korean Giant Hanwha Taps Avalanche for Tokenization
On Monday, the Avalanche Foundation announced via X that Hanwha Investment & Securities, part of the $200B Korean conglomerate, is building its new tokenization platform on Avalanche.
South Korea Moves Its Entire Capital Markets Onchain With Avalanche
On Friday, the Avalanche Foundation announced via X that South Korea is bringing its entire capital markets infrastructure onchain, powered by Avalanche.
Pyth Brings Samsung and Amazon On-Chain With 24/7 Price Feeds
On Wednesday, the Pyth Network announced via X that a new batch of Pyth 24/7 Indices has landed on the Pyth Pro network.
Shinhan Builds a Korean Won Tokenized Fund on Solana
On Friday, the Solana team announced via X that Korea's Shinhan Asset Management is building a KRW tokenized fund on Solana, modeled on BlackRock's BUIDL.
BitGo Becomes First Global Crypto Firm Licensed in South Korea
BitGo secures South Korean VASP registration, enabling institutional crypto custody and transfer services with backing from Hana Financial and SK Telecom.
Pyth Brings China's First Humanoid Robotics IPO On-Chain
On Wednesday, the Pyth Network announced via X that Unitree Robotics is live on Pyth Pro.
Ripple Cuts Cross-Border Transfers to Seconds for Korean Bank
South Korea’s Jeonbuk Bank partners with Ripple to offer businesses faster, round-the-clock cross-border payments, although XRP’s role remains unclear.
World's First Korean Won Stablecoin Launches on Aptos
On Friday, Aptos Labs announced via X that BDACS is deploying KRW1, the world's first KRW-pegged stablecoin, on Aptos, its first non-EVM chain.
Korean Brokerage DB Securities Brings Its Assets Onchain via Optimism
On Wednesday, the Optimism team announced via X that DB Securities has partnered with Optimism to bring its assets onchain.