Shinhan taps Solana for Korean won tokenized fund

South Korea’s Shinhan Asset Management signed a four-party memorandum on Aug. 21 to test a Korean won tokenized fund using the Solana blockchain. Summary Shinhan Asset Management signed a four-party agreement to test a won-denominated tokenized investment fund workflow. The Solana pilot covers investor checks, issuance, distribution and onchain liquidity during proof of concept. Etherfuse supplies tokenization infrastructure while Orca supports onchain liquidity design for fund distribution testing workflows. Korea’s amended securities laws are expected to take effect in early 2027 after preparations conclude. The project remains a proof of concept and has no confirmed public launch date yet. The agreement brings together Shinhan Asset Management, the Solana Foundation, tokenization platform Etherfuse and decentralized exchange Orca. The participants will conduct a proof of concept covering the fund’s issuance and distribution process. The planned product would invest in short term Korean won bonds and target overseas institutional investors. However, the participants have not announced the fund’s size, expected yield or public launch date. Shinhan will test the complete tokenized ...