KakaoBank Plans to Launch Own Won-Pegged Stablecoin, Seeks Fresh Hires
South Korea’s KakaoBank has launched into its deliberate “Kakao Coin,” a KRW-pegged stablecoin, into the precise improvement section.
Kakao is reportedly establishing blockchain infrastructure for its personal stablecoin and has opened new recruitment for blockchain service backend builders. The place calls for a deep understanding of good contracts and token requirements.
Per a local media report, the recruit will probably be accountable for designing new blockchain-based service buildings, managing keys, and constructing transaction processing methods.
“This recruitment is to complement human sources for analysis on blockchain and stablecoin applied sciences and to study their applicability to monetary companies,” a Kakao Bank official mentioned.
The firm CFO Kwon Tae-hoon said at KakaoBank’s first-half 2025 earnings call in August that the agency is getting into the rising stablecoin market. Further, Kakao Group, the dad or mum IT agency, introduced a stablecoin activity drive and holding weekly discussions to consolidate technique.
South Korea’s KakaoBank is “reviewing” varied strategies, together with the issuance of a won-backed stablecoin and digital asset custody.#KakaoBank #Stablecoin #SouthKoreaStablecoinhttps://t.co/QyrOomK2RE
— Cryptonews.com (@cryptonews) August 7, 2025
KakaoBank Lays Foundation for Token Offering
The financial institution can be planning for its security token offering (STO), leveraging blockchain, the report added. KakaoBank has signed partnerships with Korea Investment & Securities and Lucent Block to develop blockchain-based STO monetary merchandise and methods.
This comes days after South Korea superior token securities issuance with legislative amendments to the Electronic Securities Act and the Capital Markets Act. The adjustments lay the groundwork for the STO circulation market to open in H1 2026.
Further, the nation’s monetary business estimates that its security token offerings (STO) market could possibly be price $287 billion by 2030.
The stablecoin race in South Korea began after President Lee pledged to launch a KRW-pegged coin to be used in enterprise and worldwide commerce.
The financial institution’s announcement arrives shortly after South Korean tech large Naver reported launching a wallet service for native stablecoin in Busan metropolis.
Naver mentioned it has partnered with enterprise capital agency Hashed and the Busan Digital Asset Exchange (BDAN).
Besides, Naver Financial has moved towards a merger with Dunamu, the operator of Upbit, South Korea’s largest crypto alternate.
Like KakaoPay, Naver has its personal fee platform, utilized by 30 million folks month-to-month. Both Kakao and Naver are anticipated to use their thousands and thousands of person base to achieve stablecoin traction.
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