Danal, a leading digital payment company, has filed a large number of trademarks related to stablecoins as it accelerates efforts to enter the digital asset market. According to industry sources, Danal recently applied to the Korean Intellectual Property Office for about 20 trademarks, including “Paycoin,” “Danal Coin,” “KRW Stable,” and “KRW Reserve.” This move is seen as laying the groundwork for a range of services such as payments, remittances, and custody centered on Korean won-pegged stablecoins.
Danal already operates Paycoin, a digital payment system accepted by over 100,000 merchants nationwide. The newly secured trademarks are considered a preparatory step to fully integrate stablecoins into its existing payment network. A company official stated, “We have secured trademarks in advance for ongoing projects, and the specific timing and scope of issuance will be decided based on market conditions.”
With financial regulators set to release new stablecoin guidelines later this year, companies are moving quickly to prepare. Industry observers note, “By securing trademarks, Danal is positioning itself to build brand competitiveness and has officially entered the race to commercialize stablecoins in Korea.” Korean won-backed stablecoins are expected to have broad use cases, including remittances, cross-border payments, and transfers between digital wallets.
However, some point out that trademark filings do not necessarily translate into active business operations. Regulatory hurdles such as virtual asset service provider registration, anti-money laundering compliance, and reserve asset management remain significant challenges. Danal also commented, “We will coordinate closely with regulators as we proceed with any commercialization.”
Experts emphasize, “Stablecoins could improve payment convenience and reduce exchange costs, but reliable issuance and management systems must come first.” If Danal’s large-scale trademark filings lead to actual product launches, competition in Korea’s digital payments market is expected to intensify further.
