As major commercial banks launch a joint project for issuing a 'won-based stablecoin', IT Sen Global, a digital infrastructure specialist, is rapidly emerging as a key infrastructure partner. Recently joining the Open Blockchain DID Association (Decentralized Identity Authentication Association), IT Sen Global is considered a leading candidate to lead the banking sector's digital currency infrastructure development.
According to multiple blockchain and financial industry sources, 6 major commercial banks including KB Kookmin Bank, Shinhan Bank, Woori Bank, NH Nonghyup Bank, IBK Industrial Bank, and Sh Suhyup Bank, along with iM Bank and K Bank, are currently forming a working group to discuss the 'issuance of a won stablecoin'.
This project is drawing attention as the first private-led digital currency infrastructure verification case, aligning with the government's ongoing 'Digital Asset Basic Law' legislation. Particularly, industry consensus suggests that IT Sen Global, with its DID technology and financial SI experience, has a very high likelihood of participating in building a system connecting existing financial infrastructure with blockchain technology.
IT Sen Global recently joined the Open Blockchain DID Association, expanding its distributed identity technology development and commercialization foundation, which is interpreted as a signal to strengthen its influence across overall technical areas including financial sector DID interconnection, stablecoin payment infrastructure, and transaction authentication systems.
Aton, also a member of the Open Blockchain DID Association, is expected to contribute to stablecoin identity verification and payment security systems based on its advanced security technology capabilities in financial sector biometric authentication, electronic signatures, and key management.
This alliance between banks and IT companies is significant in potentially forming the basis for a hybrid financial system involving central bank digital currency (CBDC) or private digital currencies. Particularly, with technology companies' roles expanding around the Open Blockchain DID Association, it demonstrates the possibility of the Korean-style stablecoin model evolving beyond simple token issuance into a trustworthy payment infrastructure.
