South Korea’s KakaoBank explores stablecoin issuance and custody providers

Explore the most recent tendencies within the Web3 area. This article dives into: “South Korea’s KakaoBank explores stablecoin issuance and custody services”.

Key Takeaways

• Kakao Bank is contemplating launching stablecoin issuance and custody providers.
• The financial institution leverages its technical expertise from central financial institution digital foreign money tasks and present crypto infrastructure.

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KakaoBank, South Korea’s main digital financial institution recognized for revolutionary cell banking providers and fast consumer progress, is exploring stablecoin issuance and custody providers, with plans to actively take part within the fast-growing market valued at roughly $275 billion.

The stablecoin transfer was confirmed by Tae-Hoon Kwon, Chief Financial Officer at Kakaobank Corp., throughout the firm’s H1 2025 efficiency announcement on Wednesday. It was first reported by ZDNet Korea.

“Kakao Bank is exploring various approaches, including issuance and custody, to engage with the digital asset ecosystem,” Kwon mentioned in an announcement. “We’re building our capabilities in coordination with Kakao Group’s Stablecoin Task Force and will adapt proactively to market trends.”

Kwon mentioned that the financial institution goals to leverage its present infrastructure and expertise within the crypto sector for stablecoins. Over the previous three years, the financial institution has issued real-name verified accounts for digital asset exchanges and carried out danger controls akin to Know Your Customer (KYC) and Anti-Money Laundering (AML)-based monitoring, based on him.

Kwon added that the financial institution has additionally constructed technical experience by way of its participation in central financial institution digital foreign money (CBDC) initiatives, citing operational expertise from efficiently dealing with wallet creation, exchanges, and remittances throughout the first and second phases of the Bank of Korea’s CBDC simulation experiment.

Kakao Group’s Stablecoin Task Force is a newly established initiative involving prime management from its core associates, Kakao, KakaoPay, and Kakao Bank. These entities collaborate to develop and launch a Korean received–backed stablecoin.

In June 2025, KakaoPay utilized for 18 stablecoin-related logos and patents with the Korean Intellectual Property Office (KIPO), aiming to develop a blockchain-based stablecoin pegged 1:1 to the Korean received.

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