Seoul, South Korea — Hashed, one of Asia’s leading venture capital funds specializing in blockchain technology, has announced the foundational concept for a new Layer 1 (L1) blockchain optimized specifically to support and regulate a domestic stablecoin economy in South Korea. This strategic move anticipates increased regulatory clarity and institutional adoption of digitized fiat assets within the country.
The initiative focuses on building robust infrastructure that adheres strictly to South Korean financial regulations, including stringent KYC (Know Your Customer) and AML (Anti-Money Laundering) requirements—features often difficult to integrate efficiently on global, permissionless chains. Sources indicate the L1 is designed for high throughput and near-instant finality, essential for handling the transactional volume required by national payment systems.
Hashed leadership emphasized that while existing global blockchains are powerful, a sovereign L1 solution provides the necessary control and customization required to bridge traditional finance (TradFi) with decentralized finance (DeFi) in a heavily regulated jurisdiction like South Korea. This customized approach aims to serve not only institutional issuers of stablecoins but also to facilitate seamless integration with local banking partners and payment processors.
Analysts view this development as a significant step toward solidifying Korea’s position as a global leader in compliant digital asset innovation. By focusing the L1 primarily on the stablecoin use case—which acts as the gateway between traditional currency and the wider crypto ecosystem—Hashed is strategically positioning the infrastructure to be the backbone of the nation’s future digital financial plumbing.
Source: Hashed unveils Layer 1 concept for upcoming South Korean stablecoin economy
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