Ellysia Unveils KRW Stablecoin Issuance Infrastructure

ELYSIA Opens New Horizons for KRW Stablecoin Issuance with Innovative zkTLS WebProof Technology. ELYSIA, a South Korean RWA (Real World Asset tokenization) specialist, is garnering significant market attention by unveiling an integrated infrastructure for the automatic issuance of KRW stablecoins, designed for financial institutions and fintech companies. This innovative solution streamlines the entire process from KRW remittance to stablecoin issuance in a one-stop manner, enabling companies to easily build their own KRW stablecoin issuance systems without requiring complex blockchain knowledge. At the core of this infrastructure is the 'zkTLS (Zero-Knowledge Transport Layer Security) based WebProof' technology. This structure safely verifies transaction facts through Zero-Knowledge Proof (ZKP) without exposing users' sensitive financial information to external parties, and automatically issues KRW stablecoins immediately upon completion of verification. Simultaneously achieving privacy protection and transparent on-blockchain records, this solution offers reliability and security optimized for regulatory environments like South Korea, and is regarded as an essential infrastructure technology for KRW stablecoins to operate in a financial setting. Recognized for its capabilities in this technology, which is garnering attention from leading blockchain companies such as Aztec, Arbitrum, Stellar, and Worldcoin, ELYSIA also achieved the feat of being selected for 'Noir Research Grant #4,' jointly sponsored by these companies. Another powerful feature of ELYSIA's infrastructure is its perfect compatibility with existing financial systems. Institutions can leverage their current banking systems to seamlessly automate the entire process, from confirming KRW receipt and verifying transaction details to automatically issuing KRW stablecoins. An ELYSIA official described this as a "turnkey solution that can be easily adopted like developing existing fintech services, without needing to separately learn complex blockchain technology," emphasizing that it provides immediately usable infrastructure for all institutions looking to enter the domestic KRW stablecoin business. ELYSIA plans to preemptively respond to the legalization of domestic stablecoin regulations by building the relevant infrastructure in advance, aiming for market leadership. In particular, it has secured strong compliance competitiveness based on the regulatory response know-how accumulated from its real estate tokenization business. ELYSIA stated that the domestic establishment of KRW stablecoins will drive explosive growth in the RWA market, and presented its future vision, declaring that the time has come to showcase the fruits of its preparations and foresight regarding these environmental changes, which began three years ago.