In Brief:
- Wemade’s blockchain division, WEMIX, has listed its token on Kraken.
- This expands WEMIX’s market access after being delisted in South Korea due to security concerns.
- The exchange listing aims to rebuild credibility and supports Wemade’s broader ambitions beyond gaming.
WEMIX lists on Kraken
Wemade’s blockchain arm, WEMIX, has successfully listed its native token on Kraken, marking a significant milestone for the project. The listing comes after WEMIX faced a setback when it was delisted from South Korean exchanges in May 2025 due to reliability concerns following the Play Bridge hack.
This was WEMIX’s second delisting in its home market, following its removal in 2022 over issues with circulation disclosures. For a project that historically thrived in Korea and regional Asian markets, these delistings represented severe reputational and liquidity challenges.
Rebuilding credibility
The Kraken listing is part of WEMIX’s strategy to restore its credibility and access to markets outside Korea. Wemade’s founder, Park Kwan-ho, is currently in the process of selling his 39% stake to a Chinese investment company, though the new ownership’s commitment to blockchain remains uncertain.
The Kraken platform provides WEMIX with a regulated environment and expands its reach across the US, Canada, the UK, and Australia. This is crucial for diminishing reliance on Asian retail liquidity.
Expanding into fintech
In tandem with its gaming ventures, Wemade is broadening its focus to fintech infrastructure, including cross-border payments, stablecoins, and real-world assets. Central to this initiative is StableNet, a proposed Layer-1 for KRW-backed stablecoins, along with the Global Alliance for KRW Stablecoin, which includes partners like Chainlink, Chainalysis, and CertiK.
“Aligning with partners who share our commitment to compliance and security is paramount,” Wemade VP and WEMIX CEO Shane Kim said. “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., and evolve into a truly global blockchain ecosystem.”
