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@defi_philo
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Advisor | Prev. @0xPolygon @KaiaChain
Joined July 2022
@ShinhanBankENG is the only commercial bank in Korea participating in @swiftcommunity's blockchain prototype for cross-border payments, using @Consensys. Among the Korean banks I've spoken with, @ShinhanBankENG is one of the few that has long established a blockchain team and is
⚡️ JUST IN: SWIFT is building a blockchain ledger with 30+ banks using Consensys.
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I love a good underdog story, so I’m looking forward to seeing @fraxfinance and @IQAICOM make a strong entry into the Korean market with KRWT as a foreign team, working alongside key local players to help build the ecosystem together. From recent conversations with Korean
Great post by @defi_philo on KRWT. One thing I want to add is that our COO Andy Cho @ETHuncho and his team are based out of Seoul. 🇰🇷 We'll be sharing a lot more soon... 👀
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Props to @samkazemian, @Frax, @IQAICOM, and the team for launching KRWT (a KRW stablecoin) as foreign teams. From what I’ve seen, they’re putting serious effort into complying with local regulations. While regulatory compliance is important, much of it can typically be addressed
The Korean Won is the most traded fiat currency pair in crypto behind only USD. South Korea definitely deserves its own stable on Base. 🇰🇷 IQ launched in Seoul in 2018 and is highly liquid in Korea. We're now building https://t.co/aXZ3gb1keF the first KRW stable with Frax.
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Spoke with @BithumbOfficial last week, they’re gearing up to take a more aggressive approach in the market. And it’s already driving increased user inflow. The gap with @upbitglobal is now down to just ~1.8x.
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@circle’s Most Feasible GTM Entry in Korea: Banking Pilot & Cross-Chain Interoperability > Launch pilots with tier 1 banks using CCTP to enable fiat <-> KRW stablecoins <-> $USDC on/off-ramps, focusing on remittances & cross-border payments between KRW & USD > Deploy CCTP as the
Why @circle's Regional Strategy in Asia Stands Out — Especially in Korea 🇰🇷and Japan 🇯🇵 When I spoke with major Korean banks and financial institutions, nearly all said they’ve been testing $USDC for cross-border settlements since last year. These pilot tests aren’t public yet,
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Got quite a few DMs recently from other teams saying they’ve used my X content as a reference for the APAC & Korea markets — love that! Started sharing these insights after getting repeated questions from global teams on how the Asia/Korea ecosystem actually works — key players,
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As the next step in the GTM strategy I previously developed, I initiated the conversation with @Mantle_Official about integrating with @AggLayer and it's great to see it finally moving forward. @Optimism (OP Stack) + @SuccinctLabs (SP1) + @AggLayer → @katana Next up:
Hot take: Mantle might be the next big chain to join AggLayer 👀 It just upgraded its mainnet and became a ZK rollup. Not part of the Optimism Superchain, but running OP Stack + SP1 prover on top — same approach as Katana. With $2B TVL and no other ecosystem alignment. My bet
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From Stablecoins to Cultural Assets: The Next Frontier of STO in Korea & Japan beyond Asia Security Token Offerings (STOs) have long been discussed as a method to digitize real-world assets, with early focus largely on traditional markets like real estate. Recently, however,
KRW-backed stablecoins have the potential to become a bridge for RWA and STO adoption in Korea🇰🇷 The foundation is there, but yield restrictions might slow down the momentum. For years, the industry faced strict caps on STO investments (like around $15K per retail investor).
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If JPY- and KRW-backed stablecoin tests succeed between Korea and Japan—including cross-border transfers via @swiftcommunity—it could become a key bridge asset for STO trading, especially since most STOs remain off-chain due to regulations.
Cross-Border Stablecoin Transfer Example: KRW (🇰🇷) → JPY (🇯🇵) 1. @ShinhanBankENG converts KRW into a KRW-backed stablecoin. 2. The KRW stablecoin is then transferred to the target chain via a cross-chain bridge, enabling interoperability between @cosmos (in the case of
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Why @circle's Regional Strategy in Asia Stands Out — Especially in Korea 🇰🇷and Japan 🇯🇵 When I spoke with major Korean banks and financial institutions, nearly all said they’ve been testing $USDC for cross-border settlements since last year. These pilot tests aren’t public yet,
@Ripple and @hedera got in early with Korean banks, but couldn’t move beyond early pilots into full-scale execution. MOU ≠ market entry anymore — that worked in 2021, but not now for mainnets targeting Korea. Success now depends on long-term relationships, precise regulatory
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Redefining cross-chain liquidity: How @Agglayer, Vault Bridge, @katana ⚔️, and @0xPolygon CDK chains are creating yield-generating vaults. Beyond the cross-border GTM strategy connecting @XLayerOfficial and Silicon Network via @Agglayer, the next phase focuses on scaling
Sharing a cross-border GTM strategy connecting @XLayerOfficial and Silicon Network via @Agglayer, bridging @okx and @Korbit_exchange ecosystems Building on the strong momentum of @XLayerOfficial’s expansion,here’s a brief overview of a cross-border GTM strategy I developed at
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What’s Driving the Global Crypto Rush Into Korea 🇰🇷? 1) KRW trading volume hit $663B in 2025 — almost as big as the entire USD market. Korea is officially the world’s 2nd largest crypto market. And get this: 1 in 3 Koreans own crypto, double the US rate. 2) Sure, it’s mostly
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Sharing a cross-border GTM strategy connecting @XLayerOfficial and Silicon Network via @Agglayer, bridging @okx and @Korbit_exchange ecosystems Building on the strong momentum of @XLayerOfficial’s expansion,here’s a brief overview of a cross-border GTM strategy I developed at
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