Official Name: BDACS Inc. (Busan Digital Asset Custody Services)
Country: Korea (the Republic of)
BDACS is Korea's leading regulated digital asset custodian, issuing KRW1 as a fully collateralized Korean Won-denominated stablecoin. BDACS holds an active VASP license issued by South Korea's Financial Services Commission and is regulated under Korean financial authorities
KRW1 officially launched on September 18, 2025, following successful proof-of-concept validation with Woori Bank, Korea's leading Tier-1 commercial bank. The token currently operates in a non-commercial pilot phase, with full commercial deployment anticipated post-2026 upon finalization of South Korea's Digital Asset Basic Act.
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