Shinhan Asset Management partners with Plume on tokenized fund pilot

Written by Zoltan Vardaistaff writerReviewed by Yohan Yunstaff editorWritten by Zoltan Vardaistaff writerReviewed by Yohan Yunstaff editorShinhan Asset Management partners with Plume on tokenized fund pilotLatest NewsPublishedAug 14, 2026Shinhan Asset Management and Plume will test a tokenized fund using a Korean won-denominated ultra-short-term bond fund as its underlying asset.South Korea’s Shinhan Asset Management signed a memorandum of understanding (MOU) with tokenization-focused blockchain network Plume to develop a proof of concept for a Korean won-denominated tokenized fund.The pilot project will use a Shinhan won-denominated ultra-short-term bond fund as its underlying asset and BlackRock’s BUIDL tokenized fund as a benchmark to test the issuance and distribution process, Shinhan said on Friday.The companies will also test compliance requirements for tokenized investment products, including whitelist-based transfer restrictions, onchain operations, Know-Your-Customer checks and Anti-Money Laundering controls.Shinhan said the pilot is intended to test the overseas use of won-denominated financial products in onchain markets that have largely developed around dollar-denominated assets.In April, fellow Shinhan Financial Group affiliate Shinhan Card signed an MOU with the Solana Foundation to test stablecoin payment technology and explore the use of non-custodial wallets. Another group affiliate, Shinhan Bank, completed a stablecoin remittance pilot in July 2023.Magazine: South Korea lifts 9-year corporate crypto ban: What the policy change means Subscribe to daily byte-sized crypto news from Cointelegraph Subscribe Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. South KoreaRWA TokenizationTokenizationBondsIndustryMore on the subjectRedotPay US IPO…

Shinhan Asset Management partners with Plume on tokenized fund pilot

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