The Largest Korean won FX market, is now on chain
Every mint, every burn, every reserve won — published live and verifiable in real time.
Frax & IQ Infrastructure
KRWQ is built by Frax and IQ. Frax brings institutional stablecoin infrastructure backed by BlackRock’s BUIDL, Superstate’s USTB, and WisdomTree. IQ brings seven years in the Korean market with listings on Upbit, Bithumb, and other top exchanges.
Remittance
Minutes not T+2 settlement into a KRW‑tracking token.
Treasury Ops
Program vendor payouts & internal transfers in one rail.
Commerce
List prices in KRW while settling globally in seconds.
Media & News
KRWQ includes Korean bonds held by Shinhan Securities as reserve assets
Hankyung·4 min
Wall Street-Backed Crypto Exchange Takes Aim at Asia FX Market Using Won Stablecoins
Bloomberg·4 min
Tiger Research: "KRWQ, a Korean won stablecoin, shows significant demand for FX-hedged KOSPI investment exposure"
Edaily·4 min
Put your won to work with KRWQ
Buy, Send, Redeem
Get KRWQ through partner apps and wallets. Send globally, redeem to KRW when needed.
Buy
Purchase KRWQ through exchanges and wallet apps.
Send & Receive
Transfer KRWQ instantly to any wallet address.
Redeem
Convert back to KRW via partner services.
Won you can verify, always.
Simple APIs. Comprehensive SDKs. Full docs. Get Korean won into your applications.
Compliance
Compliance infrastructure you can actually see. Licensing, AML, Travel Rule readiness, risk governance. All in the open.
Licensing & Registrations
CoreJurisdictional approvals & regulatory footing.
- Virtual asset service provider (VASP) registrations (where applicable)
- MSB / EMI partners for fiat settlement
- Ongoing dialogue with KR regulators (disclosure cadence)
AML / KYC Controls
PolicyRisk-based onboarding & monitoring.
- Tiered KYC for individuals / institutions
- Continuous sanctions & PEP screening
- Transaction risk scoring & anomalous pattern escalation
Travel Rule Alignment
RuleData exchange with compliant counterparties.
- Integration with Travel Rule service providers
- Originator / beneficiary data packaging
- Fallback safeguarding & encrypted retention windows
Risk Management
RiskOperational, market & counterparty oversight.
- FX hedge limits & stress triggers
- Custodial concentration thresholds
- Incident reporting (status & post-mortems)
Disclaimer: This overview is informational and does not constitute legal, regulatory, or investment advice. Formal legal documents, licensing certificates, and attestation reports will be accessible in the Transparency section once published.
FAQ
Peg mechanics, redemption flow, FX hedge, CBDC differences, risk handling & more.
No. KRWQ is a privately issued Korean won stablecoin. A CBDC is issued directly by a central bank. KRWQ operates under applicable licensing / compliance frameworks and maintains disclosed reserves; it does not grant monetary policy privileges.