Shinhan Partners With Solana Firms on Won-Denominated Tokenized Fund

Shinhan Asset Management, part of South Korea’s Shinhan Financial Group, is seeking to put a won-denominated fund on Solana as traditional asset managers test blockchain-based distribution. Tokenization can represent fund interests on a public ledger and move issuance, ownership and settlement onchain. The project links a major Korean financial group with crypto-native infrastructure as South Korea prepares a framework for security tokens and global institutions expand into tokenized real-world assets.

Shinhan said on Aug. 21, 2026, it signed a four-party memorandum of understanding with the Solana Foundation, Etherfuse and Orca. The proof of concept will cover know-your-customer and anti-money-laundering checks, token issuance, onchain liquidity design and distribution. The partners cited a global tokenized real-world asset market of about $36 billion and a Boston Consulting Group estimate that it could reach as much as $30 trillion by 2030. The fund’s size and launch date were not disclosed.