Shinhan Bank partners with Solana Foundation, Etherfuse, and Orca to issue tokenized funds in South Korea.
RWA & Tokenization ·
Shinhan Bank, a major South Korean financial institution, has partnered with the Solana Foundation, Etherfuse, and Orca to launch tokenized fund offerings in the country. The partnership centers on issuing tokenized funds denominated in Korean won, with Shinhan Asset Management currently testing the implementation on the Solana blockchain.
The arrangement represents an integration of traditional finance infrastructure with decentralized blockchain infrastructure, allowing a major bank to tokenize and distribute fund products through a public ledger. The use of Solana as the technical foundation and the involvement of Orca—a decentralized exchange protocol—positions the tokenized assets for potential on-chain trading and liquidity mechanisms, while the Korean won denomination addresses local regulatory and currency requirements.
The scope of the rollout timeline, the specific fund products involved, and whether this represents a pilot or full commercial launch remain unclear from available reports. The regulatory pathway and approval status in South Korea for such tokenized offerings have not been detailed.