Wemix, a virtual asset issued by the Wemix Foundation, is stepping up its expansion into Western markets including North America and Europe by listing on a major global cryptocurrency exchange.

Industry sources said on Tuesday that Wemix has officially listed on the U.S. cryptocurrency exchange Kraken.

The listing allows Kraken users worldwide to trade Wemix in the U.S. dollar (USD), a key currency. Wemix, which has built its presence mainly in South Korea and Asia, has created an opportunity to broaden liquidity to institutional and individual investors in Western markets such as the United States, Canada and Britain.

The company plans to expand its real-world asset (RWA) initiative based on the listing and attract new ecosystem participants using global capital. Wemade, which is pursuing fintech, cross-border payments and expansion of the RWA market, recently introduced StableNet, a won-based stablecoin dedicated layer-1 blockchain.

It also launched the GAKS global alliance for won stablecoins and is building a cooperative ecosystem with global leading companies including Chainlink Labs, Chainalysis, CertiK, SentBe and NICE Information & Telecommunication.

Kim Seok-hwan (김석환), a vice president at Wemade, said, "Working with partners who share our commitment to compliance and security is most important." He added, "We are honoured to cooperate with Kraken as we set up strategic bases in key Western regions including the United States, the world's largest financial market, in the process of developing into a global blockchain ecosystem."

He added, "With infrastructure buildout such as StableNet and the GAKS alliance, we will shape the future of convergence between Web3 games and fintech and solidify our position within the Western financial ecosystem."

Wemix plans to continue securing global liquidity by pursuing additional listings on major exchanges starting with the Kraken listing.