Shinhan Asset Management Signs 4-Party MoU for Tokenized Fund on Solana
Shinhan Asset Management has entered a strategic four-party agreement with the Solana Foundation, Etherfuse, and Orca to develop a proof-of-concept for a Korean won-denominated tokenized bond fund. Managing approximately $96.6 billion in assets, the firm aims to enable overseas institutional investors to access KRW ultra-short-term bond funds via blockchain-based tokens. This initiative is explicitly modeled after BlackRock’s BUIDL fund, signaling a growing trend of traditional financial institutions adopting public blockchain infrastructure. The project will focus on critical operational pillars, including KYC/AML compliance, security audits, and on-chain liquidity design. This move aligns with South Korea’s evolving regulatory landscape, specifically the amendments passed in early 2026 that establish a legal framework for security token offerings effective February 2027. By proactively building these capabilities, Shinhan seeks to capture the burgeoning market for digital financial products. The broader RWA sector continues to expand, with recent data indicating a 2,200% growth in tokenized assets since 2020, now reaching a valuation of $36.27 billion.
