Shinhan Asset Management Partners with Solana Foundation and Others to Advance Launch of Korean Won-Denominated Tokenized Funds
2026.08.21 14:53:45
South Korea’s Shinhan Asset Management has signed a four-party memorandum of understanding (MOU) with the Solana Foundation, Etherfuse, and Orca to jointly advance the proof of concept (PoC) for issuing a South Korean won (KRW)-denominated tokenized fund. The fund’s structure is modeled after BlackRock’s BUIDL Fund: overseas institutional investors will purchase the KRW ultra-short-term bond fund managed by Shinhan Asset Management, with its holdings issued in tokenized form. The PoC will cover KYC/AML frameworks, security audits, blockchain operations, compliance, and on-chain liquidity design.
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