Plume and Shinhan Sign MOU to Build KRW Tokenized Fund Demo
TL;DR
- KRW Tokenization: Plume and Shinhan signed an MOU to test a KRW‑denominated tokenized fund for offshore demand.
- Regulatory Alignment: The POC examines whitelist controls, onchain mechanisms, and KYC/AML systems for global compliance.
- Plume’s Role: The network provides infrastructure, designs an isolated structure, and works with regulators while Shinhan supplies the underlying Won‑bond fund.
Plume and Shinhan Asset Management signed a Memorandum of Understanding to build a demonstration of a KRW‑denominated tokenized fund, marking a notable step in bringing Korean Won assets into the global onchain market. The initiative aims to show how regulated KRW‑based products can find offshore demand by supplying high‑quality Won‑denominated assets to a dollar‑heavy funding environment. For Plume, the project represents another chance to apply its infrastructure to a new category of institutional‑grade tokenization.
KRW Tokenization Moves Toward Global Integration
The pilot proof of concept will test how Won‑denominated financial products behave when introduced to overseas markets. Shinhan Asset Management will provide a fund tied to ultra‑short‑term Won bonds as the underlying asset, while Plume will run the technical POC to identify any issues that may emerge when tokenization functions operate offshore. Together, the two organizations plan to demonstrate regulatory alignment across the entire workflow, including whitelist‑based transfer controls, onchain mechanisms, and KYC/AML systems designed for global participation.
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