TL;DR
- Chainlink Labs joins an alliance promoting regulated Korean won-backed stablecoins globally.
- Provides oracle infrastructure for accurate price feeds and reserve verification requirements.
- Reinforces the alliance’s focus on regulatory compliance and institutional trust building.
Chainlink Labs has joined the Global Alliance for KRW Stablecoin (GAKS), a consortium led by WEMADE that seeks to expand the use of Korean won–backed stablecoins under regulated standards. The entry of Chainlink Labs adds technical depth and institutional weight to an alliance that already brings together firms focused on compliance, security, and cross-border payments.
Chainlink Labs contributes experience gained from years of building oracle and data infrastructure used by major financial institutions. Oracle systems play a central role in stablecoin operations, as issuers rely on accurate price feeds, reserve verification, and event data to maintain trust. Through Chainlink’s platforms, GAKS members gain access to tools designed to reduce data errors and strengthen operational integrity.
The alliance already includes Chainalysis, CertiK, and SentBe. Each partner covers a specific area of need. Chainalysis provides transaction monitoring and compliance analytics. CertiK focuses on security audits and risk assessment. SentBe adds payment and settlement capabilities.
Building regulated KRW stablecoins for global use
The participation of Chainlink Labs reinforces GAKS’s emphasis on regulated usage. Stablecoins tied to a national currency face scrutiny from regulators, banks, and institutional users. Data accuracy and system reliability matter as much as reserve backing. Chainlink’s infrastructure supports such demands by enabling verifiable data flows that meet institutional expectations.
Johann Eid, Chief Business Officer at Chainlink Labs, stated that the collaboration allows alliance members to use Chainlink’s platforms while developing stablecoin and tokenized asset projects aligned with institutional requirements. His remarks underline a broader trend. Financial firms increasingly expect digital assets to follow rules similar to traditional instruments, especially when tied to sovereign currencies.
Chainlink Labs brings credibility built through partnerships with organizations such as Swift, UBS, Euroclear, Mastercard, and Fidelity International. Such relationships signal familiarity with regulated finance and large-scale operations. For GAKS, association with a provider already trusted by global institutions strengthens its standing beyond domestic markets.
Kim SukWhan, Vice President of WEMADE, described the partnership as an important step toward technical strength and international trust. His comment reflects the alliance’s intent to position KRW stablecoins as viable tools for trade, settlement, and payments, rather than niche instruments limited to local use.
