South Korean gaming company WEMADE, parent company of the blockchain ecosystem WEMIX, has partnered with Chainalysis, SentBe, and CertiK to establish the Global Alliance for Korean Won (KRW) Stablecoin (GAKS).
The partnership aims to advance WEMADE’s StableNet, a dedicated blockchain mainnet and infrastruCecture for KRW-backed stablecoins, and promote their adoption internationally.
South Korea is emerging as a key player in the stablecoin sector, with infrastructure and regulatory frameworks developing rapidly.
WEMADE plans to expand KRW-backed stablecoin infrastructure prioritising security, compliance, practical use, and global scalability.
Chainalysis will integrate Hexagate, Sentinel, and Alterya into StableNet for compliance and security.
CertiK will handle security audits, provide a block explorer, and continue node validation to support mainnet monitoring.
SentBe, a remittance fintech licensed as a Singapore Major Payment Institution, operates in 174 countries and handles 33 currencies.
It will collaborate on verification processes for WEMADE’s stablecoin-based cross-border remittance infrastructure.
Shane Kim, CEO of WEMIX and VP of WEMADE, said:
“This collaboration with international leaders is an incredibly significant milestone in securing the technical completeness of StableNet, and providing domestic partners with the opportunity to join a world-class technology alliance. With GAKS, we will present a new paradigm for the KRW-backed stablecoin beyond South Korea.”
StableNet’s testnet source code was released publicly in October, with the testnet scheduled for December and the official launch expected in early 2026 following stability verification.
Featured image credit: WEMADE