South Korea’s Shinhan Asset Management has signed a memorandum of understanding (MOU) with tokenization-focused blockchain network Plume to develop a proof of concept for a Korean won-denomin
South Korea’s Shinhan Asset Management has signed a memorandum of understanding (MOU) with tokenization-focused blockchain network Plume to develop a proof of concept for a Korean won-denominated tokenized fund, the company announced on Friday.
The proof-of-concept project will use a Shinhan won-denominated ultra-short-term bond fund as its underlying asset. BlackRock’s BUIDL tokenized fund has been selected as a benchmark to evaluate the issuance and distribution process, according to Shinhan.
