/U P D A T E -- KRWQ/

In the news release, KRWQ Outlines Vision for the Future of the Korean Won in Global Digital Markets, issued Sept. 23, 2026 by KRWQ over PR Newswire, we are advised by the company that changes have been made. The complete, corrected release follows, with additional details at the end:

KRWQ Outlines Vision for the Future of the Korean Won in Global Digital Markets

KRWQ aims to support Korea's internationalization of the won by bringing KRW markets onchain, expanding global access to Korean assets, and working constructively with Korean regulators and financial institutions.

CAYMAN ISLANDS, Sept. 23, 2026 /PRNewswire/ -- KRWQ today outlined its long-term vision for building compliant, transparent infrastructure for the Korean won in global digital asset and foreign exchange markets.

As Korea moves to internationalize the won and expand its use outside the country, KRWQ believes blockchain-based financial infrastructure can complement these efforts by making KRW more accessible to global institutions and investors. EDX Markets, a Citadel Securities backed exchange, has listed KRWQ as the first non-USD stablecoin with both perpetual and spot listings. KRWQ is listed on EDX Markets' US-based spot trading venue and the stablecoin perpetual futures contract is listed on EDXM International.

KRWQ's immediate focus is the offshore Korean won market, particularly the non-deliverable forward (NDF) market used by international institutions to trade and hedge KRW exposure. Today, a significant share of global KRW trading takes place outside Korea through financial centers including London, Singapore and Hong Kong.

KRWQ aims to bring these markets onchain, enabling 24/7 access to KRW-denominated liquidity and creating new infrastructure for FX trading, hedging, settlement and eventually tokenized Korean assets.

Supporting the Internationalization of the Won

The Korean government has taken a series of steps to make the won more accessible internationally, improving access for foreign financial institutions and developing a broader roadmap for the internationalization of the currency.

KRWQ believes a globally accessible, transparent onchain representation of the won can support this direction by creating additional international demand for KRW and Korean financial assets.

As part of this strategy, KRWQ is exploring the acquisition and tokenization of Korean Treasury Bonds (KTBs) and other high-quality Korean assets for use within its reserve framework. Over time, growing international demand for KRWQ could translate into additional offshore demand for KRW and Korean government securities.

Compliance and Constructive Regulatory Engagement

KRWQ is committed to operating in good faith and developing its infrastructure in a manner consistent with evolving Korean and international regulatory standards.

KRWQ's current strategy is focused on offshore and global markets rather than Korean retail users. As Korea establishes a formal regulatory framework for won-denominated stablecoins, KRWQ intends to evaluate how it can participate within that framework.

Why KRWQ Will Be Good for Korea

The objective of KRWQ is not to move the Korean won outside the Korean financial system, but to expand the won's role within the global financial system.

A successful global KRW stablecoin ecosystem could increase international access to the won, create additional demand for Korean government securities, provide Korean businesses and global investors with more efficient FX infrastructure, and strengthen the won's position as an international currency.

KRWQ believes Korea has an opportunity to become a leader in the emerging intersection of digital assets, tokenized capital markets and global FX.

Our goal is straightforward: build global infrastructure for the Korean won in a transparent and compliant way, while working constructively with Korean regulators and financial institutions to ensure that KRWQ's growth ultimately benefits Korea.

About KRWQ

KRWQ is the first and largest Korean won stablecoin, built to bring the global KRW market onchain. Fully backed by reserves, KRWQ provides a KRW-denominated settlement asset for FX, payments and DeFi. KRWQ supports multichain settlement through LayerZero's OFT standard and publishes reserve transparency information. KRWQ is focused on offshore and global markets. It is not marketed or offered to South Korean residents, and primary minting and redemption are restricted to offshore KYB-verified counterparties.

For KRWQ: Gary Bird, 43PR, [email protected]

Update: The release has been changed from "Citadel" to "Citadel Securities" in the second paragraph.

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SOURCE KRWQ