South Korea-based blockchain and gaming company Wemade continues to expand its Global Alliance for KRW Stablecoins (GAKS) initiative, created for stablecoins pegged to the Korean won. The company announced that Chainlink Labs, a leading name in data infrastructure and oracle solutions, has joined the consortium. This step strengthens the goal of creating a compliance-focused and enterprise-standard-compliant technical foundation for won-backed stablecoins.
Wemade and Chainlink Partnership Established
According to Wemade's statement, Chainlink will provide technical support for data integrity, infrastructure standards, and tokenized asset use cases within GAKS. The oracle layer aims to reliably run price data, on-chain verification mechanisms, and other data-driven functions needed in enterprise finance applications. It is also stated that Chainlink will play a role in enabling consortium members to benefit from oracle services under a standardized structure.
Chainlink's participation is a continuation of the collaborations previously announced by GAKS. The consortium already includes blockchain analytics firm Chainalysis, CertiK in the security and auditing field, and SentBe with its regulation-compliant money transfer infrastructure. Within this structure, Chainalysis provides threat monitoring and risk analysis, CertiK provides node verification and security audits, and SentBe provides regulated transfer infrastructure in different jurisdictions. GAKS was launched in November 2025 as part of a repositioning process in Wemade's blockchain strategy. In a statement on November 28, the company emphasized that it would support StableNet, a dedicated mainnet designed for won-backed stablecoins, as a technical and consortium partner, but would not assume the role of a direct issuer. This approach is seen as a strategy to limit risks by focusing on infrastructure before regulations become clearer. Wemade Vice President Kim SukWhan highlighted the importance of the collaboration with Chainlink, stating, "Through close cooperation with Chainlink, we will continue to build a robust and reliable KRW stablecoin ecosystem." The company emphasizes that this partnership is critical, particularly in terms of establishing a technical standard that meets the expectations of institutional users. On the other hand, policy discussions regarding stablecoins in South Korea are still unclear. Regulatory bodies in the country have differing views on who can issue won-indexed stablecoins and how they should be regulated. Speaking at the Asia Finance Forum in Hong Kong, Bank of Korea President Lee Chang-yong warned that won-based stablecoins could put pressure on foreign exchange management and capital movements. These statements show that the uncertainty in the legislative process continues. GAKS's "infrastructure first" approach reveals the position of industry players in this uncertain environment. The consortium aims to prepare a technical foundation that can be quickly deployed once regulations are clarified, without directly entering the issuance process. The StableNet testnet is planned to be released after a technical seminar to be held in Seoul on January 30th. According to industry analysts, Wemade's inclusion of Chainlink in its consortium has the potential to make South Korean won-based stablecoins globally competitive. This is because Chainlink's infrastructure is already used by major financial institutions such as Swift, UBS, and Mastercard. This strengthens expectations that KRW-backed digital assets could emerge as prominent non-dollar reserve alternatives.
