The blockchain company Wemade has incorporated Chainlink Labs into its Global Alliance for KRW Stablecoins GAKS which enables the consortium to access additional data and oracle resources as it develops compliance-based systems for won-pegged stablecoin operations.
Wemade announced on Tuesday that Chainlink will deliver technical assistance to establish data protection methods and operational benchmarks for their tokenized asset applications. The company announced that Chainlink will assist with standardization while enabling alliance members to access oracle services throughout the network.
The initiative establishes its foundation through previous collaborations with Chainalysis as a blockchain analytics partner, CertiK as a security auditor, and SentBe as a remittance service provider, which together form the GAKS initiative.
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Infrastructure-first strategy
Wemade launched GAKS in November 2025 as part of its blockchain strategy rehabilitation plan following multiple operational and regulatory challenges.
Wemade announced on Nov. 28 that the alliance will create a dedicated mainnet for KRW-backed stablecoins which will operate as StableNet while avoiding any responsibilities as an issuer. The group operates as a technological and organizational entity which develops infrastructure that meets compliance requirements.
Chainalysis handles monitoring and threat detection while CertiK performs node validation and security audits and SentBe provides regulated remittance services across multiple jurisdictions. Chainlink provides an oracle system which enables institutional digital asset platforms to access price information and onchain validation and various data functions.
Wemade vice president Kim SukWhan stated that the company will create a stable KRW stablecoin ecosystem through its partnership with Chainlink.
Regulatory uncertainty in South Korea
The infrastructure-first approach exists because South Korea has not yet reached a decision about stablecoin policies. The authorities remain divided about whom to allow as stablecoin issuers and what supervisory measures they need to impose on won-pegged stablecoins.
At the Asian Financial Forum in Hong Kong Bank of Korea Governor Lee Chang-yong issued a warning that won-denominated stablecoins will create difficulties for managing foreign exchange and capital flow regulations which will increase pressure on current legislative negotiations.
The lawmakers are currently considering two options about KRW stablecoin issuance rights which include allowing only banks to issue them or permitting non-bank entities to issue them under regulatory oversight. GAKS has chosen to develop its business through infrastructure investments instead of focusing on product development because this strategy will help the company achieve regulatory certainty while minimizing its operational risk from policy changes.
