Initech Signs Legal Advisory Agreement with Barun Law: "Aiming to Lead Stablecoin Infrastructure"

Initech announced on July 8 that it has signed a strategic legal advisory agreement with Barun Law. Through this partnership, the company is set to actively build digital asset infrastructure and secure a leading position in the market.

With the establishment of a reliable stablecoin ecosystem emerging as a key challenge in the digital finance market, the agreement was signed to create legal mechanisms that ensure fairness and transparency.

Barun Law will serve as the chief legal advisor for the stablecoin (KRWc) project, overseeing comprehensive risk management and regulatory response strategies throughout the entire stablecoin lifecycle. The firm will provide legal counsel on the design of fund trust structures, legal compliance reviews for coin issuance and distribution, the establishment of on- and offline distribution monitoring systems, disclosure of reserves, and the development of external audit frameworks.

The most notable feature is the introduction of a 'legally based fund trust' system for KRWc reserves. This system is designed to achieve both user asset protection and market trust, by segregating funds through a trustee institution and managing the trust under the supervision of a law firm. According to the company, this is a transparency model that is rarely applied even in the global stablecoin market.

Initech, together with Barun Law, will oversee a comprehensive monitoring system to eliminate legal risks and complete a user protection framework. In addition to on-chain data analysis-based monitoring within the blockchain, the company will also establish a real-time legal supervision system for offline coin usage locations such as tourism, retail, and currency exchange outlets. The company expects that, should the government enact relevant legislation, it will be able to implement these systems quickly.

A company representative stated, "KRWc will become a core platform not only as a simple means of payment, but also in various convergence fields such as the globalization of digital won, infrastructure for foreign tourist spending, and K-content payment platforms," adding, "This agreement is a symbolic step in establishing a legal foundation for the global expansion of the Korean stablecoin model."

Industry observers view this agreement as a case that simultaneously secures legal credibility and infrastructure leadership in the digital asset market. There is growing analysis that, in line with the international trend toward greater public interest and system transparency for stablecoins, the need for standardizing legally based issuance models is also increasing in Korea.

The establishment of a legal advisory framework is expected to become a core foundation supporting legal credibility, not only for the institutionalization of KRWc, but also for its future listing on domestic and international exchanges, integration with payment infrastructure, and overseas expansion.