Etherfuse was founded by Scott Lee in Seoul, South Korea, initially as Prestocks, with the goal of tokenizing real-world assets.

An initial Token Generation Event (TGE) was conducted for an early version of the KTB token, reportedly on the Ethereum blockchain.

Etherfuse, in partnership with Shinhan Securities, announced the launch of KTB Stablebonds on the Solana blockchain, integrating with the Orca DEX.