WEMADE

• Combines WEMADE’s StableNet technology with BDACS’s institutional-grade custody infrastructure
• Covers mainnet and wallet integration, security, custody, and MMF connectivity
• Plans joint PoCs with financial institutions and consortium development

WEMADE Co., Ltd. (CEO Park Kwan-ho) announced today that it has signed an MOU with BDACS Co., Ltd. (CEO Harry Ryoo), a leading digital asset custody provider in Korea, to jointly develop a stablecoin payment model and collaborate on related business initiatives.

The partnership aims to establish a commercially viable framework for stablecoin payments by combining WEMADE’s stablecoin network technology with BDACS’s regulatory-ready custody infrastructure.

Under the agreement, WEMADE’s KRW-based stablecoin mainnet, StableNet, will be integrated with BDACS’s corporate custody wallet, with the two companies collaborating across both technical integration and business development.

StableNet is optimized for stablecoin issuance and operations. It allows transaction fees to be paid in KRW stablecoins without a separate gas token, reducing accounting complexity. It natively supports compliance solutions such as KYC and AML at the infrastructure level. It is designed to protect financial data, including transaction records, while enabling flexible responses to audit requirements from regulators and tax authorities. StableNet also supports prioritized authenticated accounts for enterprise partners, enhancing usability and operational efficiency.

Through this collaboration, BDACS will provide a custody environment backed by its Virtual Asset Service Provider (VASP) license, ISMS certification, SOC 1 Type 2 certification, and asset insurance, ensuring strong security and accounting standards. It will also support institutional-grade asset data analytics and integration with money market fund (MMF) tokens in compliance with applicable regulations.

The two companies will jointly design reserve management models and short-term custody asset operation structures. They will also pursue PoC use cases with financial institutions and participate in the development of a stablecoin consortium. Both companies plan to prioritize each other as partners in new business opportunities to support the expansion of the domestic ecosystem.

Harry Ryoo, CEO of BDACS, said, “Combining BDACS’s custody infrastructure with WEMADE’s stablecoin network will enable a practical payment model that financial institutions can trust and use. We look forward to contributing to the development of a standard for the domestic stablecoin market.”

Shane Kim, CEO of WEMIX and EVP of WEMADE, said, “This partnership brings together WEMADE’s blockchain technology and BDACS’s institutional custody capabilities. We aim to deliver a reliable stablecoin payment service to the market through this collaboration.”

Meanwhile, WEMADE launched the StableNet testnet on January 30. Test tokens are available on the StableNet website, allowing users to explore the ecosystem.