Shinhan Asset Management is testing a tokenized Korean Won fund on Solana.
Tech & Launches ·
Shinhan Asset Management is testing a tokenized Korean Won fund on the Solana blockchain, marking a move by the South Korean asset manager into blockchain-based fund infrastructure. The test represents an instance of a traditional financial institution exploring tokenization on a high-speed blockchain to enable native minting, transfers, and redemptions of fund shares. Details on the fund's size, timeline, or settlement mechanics remain unclear from available reports.