Written by Zoltan Vardaistaff writerReviewed by Yohan Yunstaff editor

Written by Zoltan Vardaistaff writer

Reviewed by Yohan Yunstaff editor

Shinhan Asset Management partners with Plume on tokenized fund pilot

Latest NewsPublishedAug 14, 2026

Shinhan 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 utilize 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 stated 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 stated the pilot is intended to test the overseas utilize 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 utilize 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

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 Korea
• RWA Tokenization
• Tokenization
• Bonds
• Industry

More on the subject

RedotPay US IPO delayed amid regulatory, legal hurdles: Report

1 hour ago

Helen Partz

JPMorgan cuts Polymarket banking ties over regulatory concerns: Report

2 hours ago

Zoltan Vardai

Crypto payments barely register among euro area merchants, ECB finds

3 hours ago

Helen Partz

RedotPay US IPO delayed amid regulatory, legal hurdles: Report

1 hour ago

Helen Partz

JPMorgan cuts Polymarket banking ties over regulatory concerns: Report

2 hours ago

Zoltan Vardai

Crypto payments barely register among euro area merchants, ECB finds

3 hours ago

Helen Partz