Shinhan Asset Management partners with Plume on tokenized fund pilot

cointelegraphPublicado a 2026-08-14Actualizado a 2026-08-14

Resumen

Shinhan Asset Management has signed an MOU with blockchain network Plume to create a proof-of-concept for a Korean won-denominated tokenized fund. The pilot will use one of Shinhan's ultra-short-term bond funds as the underlying asset and BlackRock's BUIDL fund as a benchmark to test issuance and distribution. Key objectives include testing the overseas viability of won-denominated products in onchain markets, which are currently dominated by dollar assets, and evaluating compliance processes such as transfer restrictions, KYC, and AML controls. This follows other Shinhan Group blockchain initiatives, including Shinhan Card's stablecoin payment tests with Solana and Shinhan Bank's 2023 stablecoin remittance pilot.

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.

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Preguntas relacionadas

QWhat is the primary objective of Shinhan Asset Management's partnership with Plume according to the article?

ATo develop a proof of concept for a Korean won-denominated tokenized fund.

QWhich specific Shinhan fund and which benchmark product will be used in the tokenized fund pilot project?

AThe pilot will use a Shinhan won-denominated ultra-short-term bond fund as its underlying asset and BlackRock's BUIDL tokenized fund as a benchmark.

QBesides issuance and distribution, what other key aspect of tokenized products will Shinhan and Plume test during the pilot?

AThey will test compliance requirements, including whitelist-based transfer restrictions, onchain operations, KYC checks, and AML controls.

QWhat broader purpose does the article state for piloting a won-denominated tokenized fund in onchain markets?

ATo test the overseas use of won-denominated financial products in onchain markets that have largely developed around dollar-denominated assets.

QWhat prior related activity involving Solana did another Shinhan Financial Group affiliate, Shinhan Card, undertake according to the article?

AShinhan Card signed an MOU with the Solana Foundation to test stablecoin payment technology and explore the use of non-custodial wallets.

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