iM Bank said on the 20th that it completed a proof-of-concept (PoC) project for a won-denominated stablecoin in partnership with OpenAsset, a digital asset financial infrastructure company. iM Bank had been working with OpenAsset to build the technological foundation to lead the Web3 financial ecosystem.
According to iM Bank, the PoC went beyond a simple technical experiment and focused on implementing the full lifecycle of a won-denominated stablecoin—from issuance to top-ups, payments, settlement, and burn—in a real financial environment.
OpenAsset, the partner, is a digital asset financial infrastructure company formed by the leaders of the Bank of Korea's central bank digital currency (CBDC) project and the core development team of Kakao Blockchain. It specializes in building stablecoin issuance and distribution infrastructure, as well as operation and control systems that meet the requirements of financial institutions.
Based on this achievement, iM Bank plans to actively pursue high-impact follow-up projects, including a Blockchain-based global remittance service and a local currency platform linked with local governments.
An iM Bank official said, "We will continue our strategic collaboration with OpenAsset to rapidly roll out next-generation digital financial services, including global remittances and local currency."