Chainlink joins Wemade's Korean won stablecoin alliance for oracle services
Blockchain oracle provider Chainlink has been integrated into Wemade's Korean won stablecoin consortium to bolster data and oracle capabilities amid ongoing regulatory discussions in South Korea.
Wemade, a blockchain-focused enterprise, has incorporated Chainlink Labs into its Global Alliance for KRW Stablecoins (GAKS), strengthening the group's oracle and data infrastructure capabilities as it develops compliance-oriented frameworks for stablecoins pegged to the Korean won.
The announcement came on Tuesday, revealing that Chainlink will deliver technical expertise in areas including data integrity, infrastructure standardization and applications for tokenized assets. According to Wemade, Chainlink's responsibilities will also encompass facilitating standardization efforts and enabling consortium participants to utilize oracle-based services.
This integration builds upon previous collaborations with blockchain analytics company Chainalysis, security audit firm CertiK and cross-border payment provider SentBe, all of which together constitute the GAKS initiative.
The development arrives as South Korea continues to grapple with unresolved stablecoin policy questions, with regulatory bodies split on matters concerning issuer qualifications and regulatory supervision. The infrastructure-centric approach of GAKS, rather than direct issuance activities, demonstrates how market participants are positioning themselves for eventual regulatory certainty while minimizing exposure to ongoing policy uncertainties.
Cointelegraph contacted Chainlink to obtain additional information regarding its anticipated role within the alliance but did not receive a response before publication.
Compliance-first infrastructure, not issuance
The GAKS consortium was established in November 2025 as a component of Wemade's comprehensive effort to restructure its blockchain operations following multiple years of operational challenges and regulatory obstacles.
On Nov. 28, Wemade announced the alliance would facilitate StableNet, a purpose-built mainnet designed for KRW-backed stablecoins, functioning as both a technology provider and consortium collaborator while deliberately avoiding the issuer position.
Under the alliance framework, Chainalysis has been assigned responsibility for monitoring activities and threat identification, CertiK handles node validation processes and security audit functions, and SentBe manages regulated remittance infrastructure operations spanning multiple jurisdictions.
The integration of Chainlink introduces an oracle infrastructure layer capable of delivering price data feeds, onchain verification mechanisms, and additional data-dependent capabilities typically needed by institutional-grade digital asset platforms.
Through close collaboration with Chainlink, we will continue to build a sound KRW stablecoin ecosystem.
Kim SukWhan, Wemade vice president
Regulatory backdrop shapes industry posture
The infrastructure-prioritized strategy also mirrors increasing regulatory prudence throughout South Korea.
During the Asian Financial Forum held in Hong Kong, Bank of Korea Governor Lee Chang-yong expressed concerns that stablecoins denominated in won could introduce complications for foreign exchange management systems and capital flow control mechanisms, creating additional challenges for ongoing legislative discussions surrounding stablecoin issuance frameworks.
Policymakers continue to be divided regarding whether exclusive authorization should be granted to banks for issuing won-pegged stablecoins or whether non-banking institutions should receive permission to operate under appropriate regulatory supervision.