Hashed Open Finance, a subsidiary of crypto venture capital firm Hashed, released a lightweight white paper proposing a new Layer 1 blockchain concept called Maroo, positioned to serve the Korean Won (KRW) stablecoin economy. Maroo is designed as a "sovereign blockchain" that balances the openness of public chains with financial regulatory compliance, emphasizing financial-grade features such as auditability and privacy protection. Transaction fees will be paid in KRW stablecoins to reduce volatility and increase user engagement. Hashed Open Finance points out that existing public chains (such as Ethereum) struggle to implement anti-money laundering and KYC mechanisms at the network level, and their highly transparent designs may expose sensitive personal and corporate information. To address this, Maroo introduces a "dual-track" architecture: an "open path" allows free wallet creation and transactions, while a "compliance path" introduces identity verification and restrictions based on transaction size or scenario. Simultaneously, its programmable compliance layer (PCL) can automatically perform quota and sanctions reviews during transactions and supports updates as regulations change; a verifiable privacy framework enables selective information disclosure under necessary legal procedures. Furthermore, Maroo has reserved AI integration capabilities for authenticating AI agents and managing their permissions and spending limits. Hashed CEO Simon Kim stated that stablecoins are becoming an important part of the global financial infrastructure, and Maroo aims to explore an open technology path that conforms to international standards, while respecting the South Korean regulatory environment, to provide a foundation for experimenting with next-generation financial services for banks, financial institutions, and fintech companies. The report points out that this plan aligns with South Korea's direction in advancing KRW stablecoin legislation, and the relevant rules are expected to be incorporated into the currently drafting "Digital Asset Basic Law," potentially being finalized in the first quarter of this year. (The Block)
Huang Bo
JinseFinance