Wemades’s blockchain arm WEMIX has secured a notable exchange win, with its native WEMIX token now trading on Kraken.
This marks an important expansion for WEMIX, which was delisted in its core South Korean market in May 2025, following concerns around issuer reliability and security standards after the Play Bridge hack.
It was the token’s second domestic delisting, following its 2022 removal over circulation disclosure issues. For a project whose strongest historic base has been Korea and regional Asian markets, that loss of home-market exchange access was a serious reputational and liquidity setback.
In this context, the Kraken list is part of a broader attempt to rebuild credibility and market access outside Korea, while its parent company enters a new ownership phase. Wemade’s founder Park Kwan-ho is in the process of selling his 39% stake to a Chinese investment company, whose enthusiasm for blockchain is uncertain.
Meanwhile, the Kraken listing gives WEMIX a regulated, compliance-focused venue with reach across the US, Canada, the UK and Australia; the regions it needs to reduce dependence on Asian retail liquidity.
At the same time, Wemade is expanding beyond blockchain gaming with ambitions for fintech infrastructure, cross-border payments, stablecoins and real-world assets.
That is where StableNet and the Global Alliance for KRW Stablecoin become relevant. Wemade is pitching StableNet as a dedicated Layer-1 for KRW-backed stablecoins, while GAKS brings in partners including Chainlink, Chainalysis and CertiK.
“Aligning with partners who share our commitment to compliance and security is paramount. Given Kraken’s reputation, we are honored to collaborate with them as we scale our market reach, establish a strategic foothold in the U.S. — the world’s largest financial market — alongside other key Western regions, and evolve into a truly global blockchain ecosystem,” commented Wemade VP and WEMIX CEO Shane Kim.
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