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SINGAPORE, Nov. 28, 2025 /PRNewswire/ -- Today, leading Korean gaming company WEMADE, parent company of the global blockchain ecosystem WEMIX, announced its partnership with blockchain powerhouses Chainalysis, SentBe, and CertiK to form the Global Alliance for Korean Won (KRW) Stablecoin (GAKS). The strategic partnership is set to strengthen the technical capabilities of StableNet, WEMADE's dedicated blockchain mainnet and infrastructure for KRW stablecoins, and drive adoption of the KRW stablecoin worldwide.
South Korea is fast becoming a leading advocate in the stablecoin sector, with rapid advancement in the building of stablecoin infrastructure and regulatory frameworks quickly taking shape. To meet the growing demand, WEMADE seeks to accelerate the development of KRW-backed stablecoin infrastructure that prioritises security, regulatory compliance, real-world use, and global scalability, through its newly-formed alliance of global giants.
Key highlights of the partnership include:
- Security and Compliance
- Chainalysis: The global leader in blockchain compliance will integrate its Web3 threat detection solution Hexagate, transaction monitoring solution Sentinel, and AI-based scam prevention solution Alterya into StableNet.
- CertiK: The world's largest Web3 security services provider will oversee security audits for StableNet and provide a block explorer to enhance the transparency and reliability of the infrastructure. CertiK will continue to offer node validation services to WEMADE, improving on-chain monitoring and mainnet technical support.
- Real-World Application
- SentBe: The leading overseas remittance fintech company provides remittance and payment services in 33 different currencies to 174 countries worldwide, recording an accumulated remittance volume of approximately $10 billion USD. Leveraging its Singapore Major Payment Institution (MPI) license and its capability to operate proprietary on/off-ramp infrastructure, SentBe will collaborate on verification processes around WEMADE's stablecoin-based cross-border remittance infrastructure.
Shane Kim, CEO, WEMIX, and VP, WEMADE, said: "This collaboration with international leaders is an incredibly significant milestone in securing the technical completeness of StableNet, and providing domestic partners with the opportunity to join a world-class technology alliance. With GAKS, we will present a new paradigm for the KRW-backed stablecoin beyond South Korea. We will concentrate our efforts on adhering to global standards, while establishing top-tier infrastructure that is truly indispensable in the wider financial ecosystem."
The official partnership signing ceremony and the launch of GAKS took place in Singapore. Following the ceremony, participants engaged in a fireside chat to discuss the future of the KRW stablecoin, global market trends, and infrastructure requirements.
CertiK Co-founder and CEO Ronghui Gu said: "CertiK and WEMADE have collaborated multiple times in the past, witnessing WEMIX's evolution from gaming into on-chain financial infrastructure. This partnership will deepen our collaboration and drive the development of a KRW-based stablecoin ecosystem. We look forward to leveraging CertiK's expertise in security and compliance to help Korea build a safe, transparent, and globally competitive digital asset infrastructure."
James Ang, VP, Chainalysis Asia Pacific, added: "The durability of any stablecoin ecosystem depends on uncompromising compliance, robust security, and complete transparency. By joining GAKS, Chainalysis is committed to ensuring that StableNet is built on a globally trusted compliance foundation from day one, capable of detecting threats, mitigating risk, and enabling safe adoption at scale. Together with WEMADE and our fellow alliance partners, we are laying the groundwork for a KRW stablecoin infrastructure that institutions, regulators, and users can rely on as it evolves into real-world financial and cross-border applications."
The testnet source code for StableNet was released publicly in October this year, with the testnet scheduled to be released in December, followed by its official launch in early 2026 after stability verification.
-ENDS-
About WEMADE
WEMADE is the only company combining over two decades of AAA game development success with a fully operational, game-proven blockchain ecosystem—built entirely on its proprietary Layer-1 mainnet, WEMIX3.0. Known for global hits such as The Legend of Mir, MIR4, NIGHT CROWS and Legend of YMIR, WEMADE is leading the industry in seamlessly integrating gameplay, tokenomics, NFTs, stablecoin payments, and blockchain infrastructure. Through WEMIX PLAY, WEMADE delivers a unified digital economy where players, creators, and investors can own, trade, and benefit from digital assets—powering the next generation of interactive entertainment and driving the evolution of Web3 gaming. For more information, please visit https://wemade.com/.
About WEMIX:
WEMIX is a leading blockchain ecosystem for gaming and digital economies, powered by its highly scalable, EVM-compatible Layer-1 mainnet, WEMIX3.0. With a wide range of integrated services—including NFTs, DeFi, stablecoin payments, and tokenized in-game assets—WEMIX enables seamless integration between gameplay and real-world value. Designed to be transparent, sustainable, and developer-friendly, WEMIX serves as the foundation for the global Web3 gaming ecosystem. For more information, please visit https://wemix.com/.
About CertiK:
CertiK is the largest Web3 security services provider, utilizing industry-leading formal verification technology to protect and monitor blockchain protocols and smart contracts. Founded in December 2017 by professors from Yale University and Columbia University, CertiK applies cutting-edge innovations from academia to enterprise, enabling mission-critical applications to scale with safety and correctness.
About Chainalysis:
Chainalysis is the blockchain data platform providing data, software, services, and research to government agencies, exchanges, financial institutions, and regulators in over 80 countries. Its mission is to build trust in blockchains.
About SentBe:
SentBe, a global foreign exchange (FX) total solutions provider, was founded in 2015 with the mission of creating "A World Without Financial Borders." The company leads borderless financial services by offering innovative cross-border remittance and payment solutions characterized by fast transfer speeds, simple processes, and reasonable fees. Leveraging a broad global partnership network and robust foreign exchange management capabilities, SentBe has built a unique business infrastructure that aligns with global standards. SentBe provides optimal cross-border remittance and payment services for both individuals and businesses, expanding its influence beyond Asia.
SINGAPORE, Nov. 28, 2025 /PRNewswire/ -- Today, leading Korean gaming company WEMADE, parent company of the global blockchain ecosystem WEMIX, announced its partnership with blockchain powerhouses Chainalysis, SentBe, and CertiK to form the Global Alliance for Korean Won (KRW) Stablecoin (GAKS). The strategic partnership is set to strengthen the technical capabilities of StableNet, WEMADE's dedicated blockchain mainnet and infrastructure for KRW stablecoins, and drive adoption of the KRW stablecoin worldwide.
South Korea is fast becoming a leading advocate in the stablecoin sector, with rapid advancement in the building of stablecoin infrastructure and regulatory frameworks quickly taking shape. To meet the growing demand, WEMADE seeks to accelerate the development of KRW-backed stablecoin infrastructure that prioritises security, regulatory compliance, real-world use, and global scalability, through its newly-formed alliance of global giants.
Key highlights of the partnership include:
- Security and Compliance
- Chainalysis: The global leader in blockchain compliance will integrate its Web3 threat detection solution Hexagate, transaction monitoring solution Sentinel, and AI-based scam prevention solution Alterya into StableNet.
- CertiK: The world's largest Web3 security services provider will oversee security audits for StableNet and provide a block explorer to enhance the transparency and reliability of the infrastructure. CertiK will continue to offer node validation services to WEMADE, improving on-chain monitoring and mainnet technical support.
- Real-World Application
- SentBe: The leading overseas remittance fintech company provides remittance and payment services in 33 different currencies to 174 countries worldwide, recording an accumulated remittance volume of approximately $10 billion USD. Leveraging its Singapore Major Payment Institution (MPI) license and its capability to operate proprietary on/off-ramp infrastructure, SentBe will collaborate on verification processes around WEMADE's stablecoin-based cross-border remittance infrastructure.
- SentBe: The leading overseas remittance fintech company provides remittance and payment services in 33 different currencies to 174 countries worldwide, recording an accumulated remittance volume of approximately $10 billion USD. Leveraging its Singapore Major Payment Institution (MPI) license and its capability to operate proprietary on/off-ramp infrastructure, SentBe will collaborate on verification processes around WEMADE's stablecoin-based cross-border remittance infrastructure.
Shane Kim, CEO, WEMIX, and VP, WEMADE, said: "This collaboration with international leaders is an incredibly significant milestone in securing the technical completeness of StableNet, and providing domestic partners with the opportunity to join a world-class technology alliance. With GAKS, we will present a new paradigm for the KRW-backed stablecoin beyond South Korea. We will concentrate our efforts on adhering to global standards, while establishing top-tier infrastructure that is truly indispensable in the wider financial ecosystem."
The official partnership signing ceremony and the launch of GAKS took place in Singapore. Following the ceremony, participants engaged in a fireside chat to discuss the future of the KRW stablecoin, global market trends, and infrastructure requirements.
CertiK Co-founder and CEO Ronghui Gu said: "CertiK and WEMADE have collaborated multiple times in the past, witnessing WEMIX's evolution from gaming into on-chain financial infrastructure. This partnership will deepen our collaboration and drive the development of a KRW-based stablecoin ecosystem. We look forward to leveraging CertiK's expertise in security and compliance to help Korea build a safe, transparent, and globally competitive digital asset infrastructure."
James Ang, VP, Chainalysis Asia Pacific, added: "The durability of any stablecoin ecosystem depends on uncompromising compliance, robust security, and complete transparency. By joining GAKS, Chainalysis is committed to ensuring that StableNet is built on a globally trusted compliance foundation from day one, capable of detecting threats, mitigating risk, and enabling safe adoption at scale. Together with WEMADE and our fellow alliance partners, we are laying the groundwork for a KRW stablecoin infrastructure that institutions, regulators, and users can rely on as it evolves into real-world financial and cross-border applications."
The testnet source code for StableNet was released publicly in October this year, with the testnet scheduled to be released in December, followed by its official launch in early 2026 after stability verification.
-ENDS-
About WEMADE
WEMADE is the only company combining over two decades of AAA game development success with a fully operational, game-proven blockchain ecosystem—built entirely on its proprietary Layer-1 mainnet, WEMIX3.0. Known for global hits such as The Legend of Mir, MIR4, NIGHT CROWS and Legend of YMIR, WEMADE is leading the industry in seamlessly integrating gameplay, tokenomics, NFTs, stablecoin payments, and blockchain infrastructure. Through WEMIX PLAY, WEMADE delivers a unified digital economy where players, creators, and investors can own, trade, and benefit from digital assets—powering the next generation of interactive entertainment and driving the evolution of Web3 gaming. For more information, please visit https://wemade.com/.
About WEMIX:
WEMIX is a leading blockchain ecosystem for gaming and digital economies, powered by its highly scalable, EVM-compatible Layer-1 mainnet, WEMIX3.0. With a wide range of integrated services—including NFTs, DeFi, stablecoin payments, and tokenized in-game assets—WEMIX enables seamless integration between gameplay and real-world value. Designed to be transparent, sustainable, and developer-friendly, WEMIX serves as the foundation for the global Web3 gaming ecosystem. For more information, please visit https://wemix.com/.
About CertiK:
CertiK is the largest Web3 security services provider, utilizing industry-leading formal verification technology to protect and monitor blockchain protocols and smart contracts. Founded in December 2017 by professors from Yale University and Columbia University, CertiK applies cutting-edge innovations from academia to enterprise, enabling mission-critical applications to scale with safety and correctness.
About Chainalysis:
Chainalysis is the blockchain data platform providing data, software, services, and research to government agencies, exchanges, financial institutions, and regulators in over 80 countries. Its mission is to build trust in blockchains.
About SentBe:
SentBe, a global foreign exchange (FX) total solutions provider, was founded in 2015 with the mission of creating "A World Without Financial Borders." The company leads borderless financial services by offering innovative cross-border remittance and payment solutions characterized by fast transfer speeds, simple processes, and reasonable fees. Leveraging a broad global partnership network and robust foreign exchange management capabilities, SentBe has built a unique business infrastructure that aligns with global standards. SentBe provides optimal cross-border remittance and payment services for both individuals and businesses, expanding its influence beyond Asia.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
WEMADE Joins Forces with Chainalysis, CertiK and SentBe to Form Global Alliance for Korean Won Stablecoin
- Company named "Best Financially Managed Semiconductor Company (Achieving Greater than $1 Billion in Annual Sales)" and "Outstanding Asia-Pacific Semiconductor Company" simultaneously
- Accelerates recovery from market downturn leveraging world-class HBM leadership; Global management performance recognized
- Reflects company's technology leadership and customer-centric execution
- SK Chairman Chey Tae-won emphasizes: "Technological competitiveness must remain unwavering in challenging times"
- Commits to driving new customer value and leading global AI market growth as a "Full-Stack AI Memory Creator"
SEOUL, South Korea, Dec. 7, 2025 /PRNewswire/ -- SK hynix Inc. (or "the company", www.skhynix.com) announced today that it has been named the winner of the Best Financially Managed Semiconductor Company Award (Achieving Greater than $1 Billion in Annual Sales)[1] and the Outstanding Asia-Pacific Semiconductor Company Award[2] at the Global Semiconductor Alliance (GSA)[3] Awards 2025, held on December 4 PST in Santa Clara, California.
| [1]The Best Financially Managed Semiconductor Company Award: A category recognizing public semiconductor companies based on financial soundness and operational efficiency. Awards are presented in two categories — annual sales over $1 billion and annual sales under $1 billion — and are considered among the most authoritative honors in the global semiconductor industry. |
| [2]Outstanding Asia-Pacific Semiconductor Company Award: A special category recognizing semiconductor companies headquartered in the Asia-Pacific region based on comprehensive evaluations including product excellence, business vision, leadership, and market success. |
| [3]GSA(Global Semiconductor Alliance): A global CEO-level semiconductor organization serving as a hub for technological information sharing across more than 25 countries and over 250 corporate members. |
The GSA Awards, organized annually since 1996, are regarded as the most prestigious honors in the global semiconductor sector, recognizing outstanding performance in leadership, financial results and industry reputation. SK hynix secured its second win in the financial management category following 2017, and its first recognition as the top Asia-Pacific semiconductor company. The dual achievement reinforces the company's reputation as a leading global technology innovator.
While the semiconductor industry faced a severe downturn just two years ago, the company has been the fastest to rebound thanks to its advanced AI memory technologies including HBM. This performance has resulted in global recognition for its operational excellence and financial execution. SK hynix plans to continue building sustainable growth with its dominant leadership in the AI memory market.
The awards reflect the company's proactive delivery of groundbreaking HBM solutions and its steadfast commitment to customer-centric performance in surging global AI demand. SK Chairman Chey Tae-won has consistently emphasized that securing technological competitiveness must remain unwavering, especially during challenging times. This long-term focus on technology investment and global cooperation network has contributed to the company's improved performance and reinforced financial health.
Driven by this strategy, SK hynix has recorded historic performance throughout 2025. For the first three quarters, the company reported revenue of 64 trillion won and operating profit of 28 trillion won in total, positioning it well to surpass its previous full-year earnings record set in 2024 (66 trillion won in revenue and 23 trillion won in operating profit).
Financial health has also significantly strengthened. As of the end of the third quarter, cash and cash equivalents reached 27.9 trillion won, up 10.9 trillion won quarter-over-quarter, while interest bearing debt decreased to 24.1 trillion won— successfully transitioning into a net cash position of approximately 4 trillion won.
To secure long-term leadership in AI memory, SK hynix is accelerating major investments. The Cheongju M15X fab, which opened its cleanroom earlier than planned in October, is on track to begin HBM mass production in the first half of next year. Construction of the first fab in the Yongin Semiconductor Cluster, launched in February, is also progressing ahead of schedule.
With its recent financial achievements and continued expansion, SK hynix is expected to further solidify its AI memory leadership going forward.
SK hynix was represented at the ceremony by Justin Kim, President & Head of AI Infra at SK hynix, and Sungsoo Ryu, President of SK hynix America. "It is a great honor to receive this award." Kim said, "We will continue to lead the market and create new value for customers as a Full-Stack AI Memory Creator, driving growth across the global AI ecosystem."
About SK hynix Inc.
SK hynix Inc., headquartered in Korea, is the world's top tier semiconductor supplier offering Dynamic Random Access Memory chips ("DRAM") and flash memory chips ("NAND flash") for a wide range of distinguished customers globally. The Company's shares are traded on the Korea Exchange, and the Global Depository shares are listed on the Luxembourg Stock Exchange. Further information about SK hynix is available at www.skhynix.com, news.skhynix.com.
SEOUL, South Korea, Dec. 7, 2025 /PRNewswire/ -- SK hynix Inc. (or "the company", www.skhynix.com) announced today that it has been named the winner of the Best Financially Managed Semiconductor Company Award (Achieving Greater than $1 Billion in Annual Sales)[1] and the Outstanding Asia-Pacific Semiconductor Company Award[2] at the Global Semiconductor Alliance (GSA)[3] Awards 2025, held on December 4 PST in Santa Clara, California.
| [1]The Best Financially Managed Semiconductor Company Award: A category recognizing public semiconductor companies based on financial soundness and operational efficiency. Awards are presented in two categories — annual sales over $1 billion and annual sales under $1 billion — and are considered among the most authoritative honors in the global semiconductor industry. |
| [2]Outstanding Asia-Pacific Semiconductor Company Award: A special category recognizing semiconductor companies headquartered in the Asia-Pacific region based on comprehensive evaluations including product excellence, business vision, leadership, and market success. |
| [3]GSA(Global Semiconductor Alliance): A global CEO-level semiconductor organization serving as a hub for technological information sharing across more than 25 countries and over 250 corporate members. |
[1]The Best Financially Managed Semiconductor Company Award: A category recognizing public semiconductor companies based on financial soundness and operational efficiency. Awards are presented in two categories — annual sales over $1 billion and annual sales under $1 billion — and are considered among the most authoritative honors in the global semiconductor industry.
[2]Outstanding Asia-Pacific Semiconductor Company Award: A special category recognizing semiconductor companies headquartered in the Asia-Pacific region based on comprehensive evaluations including product excellence, business vision, leadership, and market success.
[3]GSA(Global Semiconductor Alliance): A global CEO-level semiconductor organization serving as a hub for technological information sharing across more than 25 countries and over 250 corporate members.
The GSA Awards, organized annually since 1996, are regarded as the most prestigious honors in the global semiconductor sector, recognizing outstanding performance in leadership, financial results and industry reputation. SK hynix secured its second win in the financial management category following 2017, and its first recognition as the top Asia-Pacific semiconductor company. The dual achievement reinforces the company's reputation as a leading global technology innovator.
While the semiconductor industry faced a severe downturn just two years ago, the company has been the fastest to rebound thanks to its advanced AI memory technologies including HBM. This performance has resulted in global recognition for its operational excellence and financial execution. SK hynix plans to continue building sustainable growth with its dominant leadership in the AI memory market.
The awards reflect the company's proactive delivery of groundbreaking HBM solutions and its steadfast commitment to customer-centric performance in surging global AI demand. SK Chairman Chey Tae-won has consistently emphasized that securing technological competitiveness must remain unwavering, especially during challenging times. This long-term focus on technology investment and global cooperation network has contributed to the company's improved performance and reinforced financial health.
Driven by this strategy, SK hynix has recorded historic performance throughout 2025. For the first three quarters, the company reported revenue of 64 trillion won and operating profit of 28 trillion won in total, positioning it well to surpass its previous full-year earnings record set in 2024 (66 trillion won in revenue and 23 trillion won in operating profit).
Financial health has also significantly strengthened. As of the end of the third quarter, cash and cash equivalents reached 27.9 trillion won, up 10.9 trillion won quarter-over-quarter, while interest bearing debt decreased to 24.1 trillion won— successfully transitioning into a net cash position of approximately 4 trillion won.
To secure long-term leadership in AI memory, SK hynix is accelerating major investments. The Cheongju M15X fab, which opened its cleanroom earlier than planned in October, is on track to begin HBM mass production in the first half of next year. Construction of the first fab in the Yongin Semiconductor Cluster, launched in February, is also progressing ahead of schedule.
With its recent financial achievements and continued expansion, SK hynix is expected to further solidify its AI memory leadership going forward.
SK hynix was represented at the ceremony by Justin Kim, President & Head of AI Infra at SK hynix, and Sungsoo Ryu, President of SK hynix America. "It is a great honor to receive this award." Kim said, "We will continue to lead the market and create new value for customers as a Full-Stack AI Memory Creator, driving growth across the global AI ecosystem."
About SK hynix Inc.
SK hynix Inc., headquartered in Korea, is the world's top tier semiconductor supplier offering Dynamic Random Access Memory chips ("DRAM") and flash memory chips ("NAND flash") for a wide range of distinguished customers globally. The Company's shares are traded on the Korea Exchange, and the Global Depository shares are listed on the Luxembourg Stock Exchange. Further information about SK hynix is available at www.skhynix.com, news.skhynix.com.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
SK hynix Honored with Two Major Titles at GSA Awards 2025