In a significant development poised to accelerate the maturity of Korea’s digital asset ecosystem, Chainlink Labs has officially joined the WEMADE-led KRW Stablecoin Alliance, ‘GAKS’. This strategic partnership is set to play a pivotal role in establishing robust technical standards and enhancing critical infrastructure for digital assets within the Korean market.
Chainlink Labs, renowned for its industry-standard Web3 services platform, will lend its profound global market expertise to the alliance. Their core contribution will involve providing strategic support on the establishment of crucial technical standards and the enhancement of foundational infrastructure. This support is vital for ensuring the secure, reliable, and efficient operation of digital assets, particularly the KRW stablecoin, within the Korean economy.
Moreover, this collaboration opens up exciting new avenues for all GAKS alliance members. Through this partnership, members will gain direct access to opportunities to leverage the powerful Chainlink platform. This access is crucial for developing and deploying key tokenized asset use cases, fostering innovation, and driving the adoption of secure and advanced digital financial products and services across Korea.
The integration of Chainlink Labs’ expertise into the GAKS alliance underscores a strong commitment to building a secure, interoperable, and globally compliant digital asset framework in Korea. With Chainlink’s proven track record in decentralized oracle networks and secure off-chain connectivity, this collaboration is expected to significantly bolster Korea’s standing in the rapidly evolving global digital economy.
Source: Original Article
