Shinhan Asset Management is testing a Korean won-denominated tokenized fund on Solana through a proof-of-concept arrangement. The project involves the Solana Foundation, Etherfuse, and Orca, and centers on an ultra-short-term bond product. The initiative is being explored through a four-party MOU and is not yet a finalized commercial product for retail investors. Shinhan, as a major South Korean financial institution, brings traditional-market credibility to this tokenization experiment on a public blockchain.
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