Wemade has built a proprietary stablecoin infrastructure tailored to domestic finance in South Korea. It aims to go beyond the limitations of existing public chains by combining its blockchain operating experience as a listed company with regulatory compliance capabilities.

Kim Seok-hwan (김석환), a vice president at Wemade, said at the won stablecoin tech seminar at the Oakwood Hotel in Seoul's Gangnam district on Jan. 29 that StableNet was designed from the outset on the premise of complying with South Korean regulations. He said it will meet any regulations that emerge.

◆A 'finance-only network' built on listed-company know-how... 'resolving regulatory risk'

Kim stressed Wemade's experience across the blockchain "full stack" in his presentation. He said Wemade is, definitively, the only listed company that has operated across all areas of blockchain, including mainnets, platforms, DeFi and NFTs. He explained that the hardships it faced as a listed company while following mainstream requirements such as disclosures, accounting and internal controls became nourishment for its stablecoin business.

He also referred to an early experience of being refused an audit by an accounting firm. He added that know-how accumulated through that process has been embedded across the company, including in finance, accounting and legal teams.

Wemade cited "completeness of financial transactions" as its reason for choosing its own mainnet instead of existing public chains such as Ethereum or Solana. Kim said existing public chains, by design, can delay transaction finality or allow transactions to be reversed, making it difficult for financial institutions to trust them. He said the reason global financial companies such as JPMorgan and Circle build their own chains is the same.

He said Korea's financial environment was also reflected. Kim said the background to the Bank of Korea's concerns about stablecoins includes worries about opaque fund flows. He said that given Korea's characteristics, including reporting requirements for large-scale foreign exchange remittances, a dedicated infrastructure capable of regulatory compliance is essential instead of existing public chains that do not support this systemically.

◆'Meeting privacy and audit needs at the same time'... wallet rollout next month

Wemade also unveiled its roadmap and technical features. The key is a dedicated wallet to be released next month. Kim said wallet development is well advanced and it will be unveiled within February and distributed to partner companies after the Lunar New Year holiday.

The new wallet includes an "auditable confidential transfer" function that meets both corporate privacy protection and regulatory response needs. Kim said it applies ERC-5564 technology to protect transaction history under normal circumstances, while allowing transparent responses when regulators audit or request submissions. It also adopts EIP-7702 technology to significantly strengthen user convenience features such as automatic transfers and fee sponsorship.

Kim said it spent cost and time due to opaque regulation but has now secured technological leadership. He stressed that it will build financial infrastructure for "K-finance" following K-pop and K-culture.