Hashed unveils Maroo blockchain for KRW stablecoin

South Korean blockchain investment firm Hashed has launched Maroo, a new blockchain designed for a Korean won-backed stablecoin, The Block reported. The platform is engineered to combine the openness and scalability of a public chain with the regulatory compliance and privacy features required by traditional financial institutions. While its initial focus is the Korean won, Hashed plans to expand Maroo to support other fiat currencies in line with local regulations. A key feature of the network is that transaction fees are paid directly with the KRW stablecoin, allowing users to interact with the chain without needing to hold a separate native cryptocurrency. Hashed has also established a subsidiary, Hashed Open Finance, to advance projects in stablecoins, real-world asset (RWA) tokenization, and security token offerings (STOs) within the South Korean financial market.