Shinhan and Plume Partner to Test Korean Won Tokenized Fund

TLDR

• Shinhan and Plume will test a Korean won tokenized fund in an offshore pilot.
• The PoC will use Shinhan’s ultra-short-term won bond fund as the base asset.
• BlackRock’s BUIDL model will guide the tokenized fund issuance and distribution.
• The pilot will test KYC, AML, whitelists, and on-chain compliance requirements.
• Shinhan aims to assess global demand for won assets in blockchain-based markets.

Shinhan Asset Management has partnered with Plume Network to test a Korean won-denominated tokenized fund through an offshore pilot. The project will examine how Korean financial assets could operate within global blockchain-based money markets. Shinhan will use an ultra-short-term bond fund as the underlying asset during the proof-of-concept program.

Shinhan Tests Won-Denominated Fund Tokenization

Shinhan signed a memorandum of understanding with Plume to establish the framework for the planned tokenized fund demonstration. The project will test issuance, distribution, and operational processes without launching a commercial investment product. Both companies will conduct the pilot outside South Korea under an isolated technical structure.

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