iShares South Korea ETF Token (Reality) (REWY)

REWY is the ticker for iShares MSCI South Korea ETF Tokenized Stock (Reality), a blockchain token designed to represent exposure to the iShares MSCI South Korea ETF, commonly known by its fund ticker EWY. The underlying ETF seeks to track the MSCI South Korea 25/50 Index. Its holdings are concentrated in South Korean companies, with significant exposure to areas such as semiconductors, consumer electronics and industrial manufacturing. Samsung Electronics and SK Hynix are examples of companies associated with these sectors.

REWY should not be confused with a direct holding of EWY shares. Public descriptions characterize this kind of tokenized fund product as a token issued by a third party, rather than the fund share itself. The exact rights attached to REWY—including whether and how it can be redeemed—depend on the issuer’s terms. Read those terms before treating the token as equivalent to owning the ETF.

REWY’s stated purpose is to provide blockchain-based exposure to the iShares MSCI South Korea ETF. That may let holders trade a token representing the ETF’s economic exposure without holding a conventional brokerage account, but availability and access depend on the token’s issuer, exchange and local rules. A token’s market price can differ from the value of the underlying fund, and trading hours or liquidity may also differ from those of the ETF and its listed shares.

The fund’s performance is linked to a basket of South Korean equities through its index-tracking objective. That means REWY’s value may be affected by movements in those companies, the South Korean market, currency movements and broader market conditions. These are exposures associated with the underlying fund, not a promise that REWY will track it precisely. The token itself also carries issuer, platform and blockchain risks that ordinary ETF shares do not have in the same form.

REWY is listed as issued on Arbitrum and Ethereum. Those networks support blockchain transfers and applications, but a token on one network is not automatically interchangeable with a token on another. Confirm the correct network and token contract through reliable issuer information before depositing or transferring REWY. Sending it to an incompatible address or using the wrong network can result in loss of access to the tokens.

As of 2026-11-05, the reported circulating and total supply was about 4,379 REWY, with no maximum supply specified. The reported price was about $145.43, and its market capitalization was about $637,000 at that time. These are changing market figures, not fixed values or guarantees of liquidity. The token’s reported seven-day price change was negative 9.2% as of that date; past performance does not establish future results.

REWY combines risks from the underlying investment exposure with risks specific to tokenized assets. South Korean equities can fall in value, and concentrated sector exposure may make the fund sensitive to company- or industry-specific events. REWY may also trade at a premium or discount to the value of its underlying exposure. The issuer’s solvency, custody arrangements, redemption process and terms can affect what holders can claim; do not assume that a token gives the same shareholder rights as EWY.

For storage, use a wallet that supports the network on which your REWY is held, and protect its recovery phrase and private keys. Check the token contract and network before accepting or transferring tokens, and be cautious of unsolicited links or contracts. A wallet stores access credentials; it does not remove issuer, market or smart-contract risks. Review the issuer’s current documentation and the rules where you live before acquiring or using the token.