Shinhan Targets $30T Tokenization Boom With Won RWAs on Solana
TL;DR
- RWA Strategy: Shinhan launches an offshore won‑denominated tokenized fund on Solana, mirroring BlackRock’s model.
- Solana Position: The network leads in project count and supports major institutional RWA products already operating at scale.
- Regulatory Timeline: Shinhan prepares infrastructure ahead of South Korea’s 2027 STO rules, targeting growth in a market projected to reach $30 trillion.
South Korea’s financial sector is accelerating its push into blockchain infrastructure. Shinhan has launched an offshore pilot for a Korean won tokenized fund on Solana, aiming to capture early demand in a market projected to reach $30 trillion by 2030. The initiative mirrors BlackRock’s BUIDL architecture, signaling that Shinhan intends to compete directly within the fast‑growing real‑world asset landscape.
Solana’s RWA Momentum Sets the Stage
The pilot replicates the structure of BlackRock’s institutional model, using ultra‑short‑term bonds as the underlying asset for offshore investors. To build the product, Shinhan signed a four‑party agreement with the Solana Foundation, Etherfuse and Orca. The group is testing the full operational cycle, including KYC, AML and foreign exchange compliance, to validate how won‑denominated assets can function in global markets.
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