#ShinhanFinancial

5 articles tagged #ShinhanFinancial — curated RWA tokenization coverage.

#Tokenization#CantonNetwork#K-BUIDL#RWA#BUIDL#DigitalAsset#Ethereum#Hanwha#InstitutionalDeFi#KoreanTreasuryBonds
Digital Asset expands cooperation with Shinhan, Hanwha, targets onchain shift in South Korea finance
Infrastructure

Digital Asset expands cooperation with Shinhan, Hanwha, targets onchain shift in South Korea finance

Digital Asset, a U.S.-based blockchain infrastructure firm, is deepening its strategic footprint in South Korea through partnerships with Shinhan Financial Group and Hanwha Investment & Securities. Shinhan Asset Management has officially become the first South Korean firm to serve as a super validator on the Canton Network, a permissioned blockchain designed for institutional finance. Shinhan Financial is currently evaluating the integration of its payment, settlement, and securities tokenization infrastructure with the Canton ecosystem. Simultaneously, Hanwha Investment & Securities has invested approximately 30 billion won into Digital Asset to bolster its next-generation financial services. CEO Yuval Rooz emphasized that the collaboration aims to modernize trade finance, cross-border payments, and the tokenization of domestic equities for global accessibility. By aligning with South Korean regulatory frameworks, Digital Asset seeks to facilitate the onchain transition of traditional products like ETFs and money market funds. This expansion highlights the growing institutional interest in utilizing interoperable, permissioned networks to bridge South Korean export-driven industries with global capital markets.

#Tokenization#CantonNetwork#ShinhanFinancial
digitaltoday.co.kr·Sep 30, 20267.5
Shinhan Financial targets global RWA market with won-based tokenized MMF
Infrastructure

Shinhan Financial targets global RWA market with won-based tokenized MMF

Shinhan Financial Group is launching a tokenized money market fund (MMF) called K-BUIDL, which will be backed by short-term South Korean won-denominated government and monetary stabilization bonds. The firm plans to issue this product offshore first to validate its business model and build a global distribution network before domestic South Korean STO regulations fully mature. By partnering with the RWA platform Plume, Shinhan intends to list the tokenized MMF on blockchains including Ethereum and Solana to facilitate its use as collateral and settlement assets. This strategy mirrors BlackRock’s BUIDL fund, aiming to provide institutional investors with a stable, on-chain yield-bearing instrument. The initiative serves as a strategic pivot for Shinhan to expand its revenue beyond the domestic market, where over 90 percent of its brokerage income is currently generated. By targeting offshore markets like Hong Kong, Shinhan hopes to bypass the current uncertainty surrounding the phased implementation of South Korea's domestic tokenized securities framework. This move highlights a growing trend among traditional financial institutions to utilize blockchain technology to create globally accessible, liquid, and programmable financial products.

#Ethereum#Solana#ShinhanFinancial
mbiz.heraldcorp.com·Sep 14, 20267.5
Won-Based RWA Global Expansion Gains Momentum — "Institutional Infrastructure, Not Technology, Is the Key"
Infrastructure

Won-Based RWA Global Expansion Gains Momentum — "Institutional Infrastructure, Not Technology, Is the Key"

South Korean financial institutions, led by Shinhan Financial Group and Plume Network, are preparing to launch 'K-BUIDL,' a won-denominated tokenized fund initiative modeled after BlackRock's BUIDL. The project aims to bring won-based real-world assets (RWA) into the global on-chain market, with a strategic focus on offshore issuance to bypass current domestic regulatory constraints. Shinhan Asset Management has selected Money Market Fund (MMF) assets as the initial product due to their stable net asset value and established audit systems. The initiative follows a three-phase roadmap, starting with cash-equivalent assets for settlement and collateral, followed by integration with decentralized distribution channels, and eventually expanding to equities and bonds. Industry experts emphasize that the success of this transition depends on building robust institutional infrastructure, such as KYC and AML compliance, rather than the underlying blockchain technology. By leveraging offshore markets, firms hope to verify demand and operational viability before aligning with South Korea's upcoming token securities framework, set for implementation in February 2025. This move represents a significant effort to transform South Korean financial products from domestic-only offerings into globally accessible, on-chain assets.

#RWA#Tokenization#ShinhanFinancial
finance.biggo.com·Sep 11, 20268.0
Shinhan Financial to Tokenize Korean Won Bonds
U.S. Treasuries

Shinhan Financial to Tokenize Korean Won Bonds

Shinhan Financial Group is developing a strategic initiative to tokenize Korean won-denominated bonds, including treasury bonds, for overseas issuance and trading. By partnering with a U.S.-based blockchain firm specializing in real-world assets, Shinhan Asset Management aims to create a product modeled after BlackRock's BUIDL fund. This project will allow the underlying fund to be tokenized and traded on a 24/7 basis, significantly reducing traditional settlement times from two to three days to near-instantaneous cycles. The initiative is contingent upon the refinement of Korea's domestic token securities regulatory framework and the completion of internal compliance reviews. By enabling fractional investment in Korean government debt, the group seeks to attract global on-chain capital into the domestic financial ecosystem. This move represents a significant expansion of the Korean RWA market, moving beyond niche assets into the core government bond sector. The successful implementation of this model could establish a blueprint for integrating traditional Korean fixed-income products into the global decentralized finance landscape.

#RWA#BUIDL#Tokenization
en.sedaily.com·Aug 2, 20267.5
Shinhan Financial Group Joins Canton Network Governance in Digital Asset Push
Infrastructure

Shinhan Financial Group Joins Canton Network Governance in Digital Asset Push

Shinhan Asset Management, a subsidiary of South Korea's Shinhan Financial Group, has signed a memorandum of understanding with the Canton Foundation to join the governance of the Canton Network. This strategic partnership establishes a framework for the financial conglomerate to influence the development and decision-making processes of the decentralized blockchain network. The collaboration focuses on advancing underlying blockchain technology while providing essential consulting on South Korea's evolving regulatory environment for tokenization. By engaging directly in governance, Shinhan aims to foster a regulatory landscape that enhances the international competitiveness of South Korean digital financial products. This move represents a significant shift for traditional financial institutions, moving beyond simple technology adoption toward active participation in blockchain infrastructure. The initiative is expected to encourage further institutional involvement within Asia's fourth-largest economy, potentially accelerating the widespread adoption of tokenized securities. Ultimately, this partnership serves as a critical bridge between traditional finance and decentralized governance, setting a precedent for how major banks can shape the future of global digital asset markets.

#Tokenization#CantonNetwork#InstitutionalDeFi
cryptorank.io·Jun 5, 20268.0

Insights directly to your inbox

Get our daily curated analysis on real world asset tokenization.

No spam, unsubscribe anytime.