Shinhan Asset Management partners with Plume on tokenized fund pilot
Summary
Shinhan Asset Management has signed an MOU with Plume to build a proof of concept for a Korean won-denominated tokenized fund. The pilot will use Shinhan’s won-denominated ultra-short-term bond fund as the underlying asset and BlackRock’s BUIDL tokenized fund as a benchmark to evaluate issuance and distribution. It will also test regulatory and operational requirements for tokenized investment products, including whitelist-based transfer controls, onchain operations, KYC, and AML compliance. The project aims to examine whether won-based financial products can be used in overseas onchain markets, which have so far been dominated by dollar-denominated assets.
