Shinhan Asset Management partners with Plume on tokenized fund pilot
خلاصہ:Shinhan Asset Management has signed an MOU with tokenization-focused blockchain network Plume to develop a proof of concept for a Korean won-denominated tokenized fund. The pilot will use a Shinhan won-denominated ultra-short-term bond fund as the underlying asset and BlackRocks BUIDL tokenized fund as a benchmark to test issuance and distribution. It will also assess compliance requirements for tokenized investment products, including whitelist-based transfer restrictions, onchain operations, KYC checks, and AML controls. Shinhan says the pilot aims to test overseas use of won-denominated financial products in onchain markets that have largely developed around dollar-denominated assets. Separately, Shinhan Card signed an MOU with the Solana Foundation in April to test stablecoin payments, and Shinhan Bank completed a stablecoin remittance pilot in July 2023.
South Koreas Shinhan Asset Management 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 pilot project will use a Shinhan won-denominated ultra-short-term bond fund as its underlying asset and BlackRocks BUIDL tokenized fund as a benchmark to test the issuance and distribution process, Shinhan said on Friday.
The companies will also test compliance requirements for tokenized investment products, including whitelist-based transfer restrictions, onchain operations, Know-Your-Customer checks and Anti-Money Laundering controls.
Shinhan said the pilot is intended to test the overseas use of won-denominated financial products in onchain markets that have largely developed around dollar-denominated assets.
In April, fellow Shinhan Financial Group affiliate Shinhan Card signed an MOU with the Solana Foundation to test stablecoin payment technology and explore the use of non-custodial wallets. Another group affiliate, Shinhan Bank, completed a stablecoin remittance pilot in July 2023.
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ڈس کلیمر
یہ مضمون صرف مصنف کی ذاتی رائے پر مبنی ہے، یہ پلیٹ فارم کی سرمایہ کاری کی مشورہ نہیں ہے۔ پلیٹ فارم مضمون کی معلومات کی درستگی، مکملیت اور بروقت ہونے کی کوئی ضمانت نہیں دیتا، اور مضمون کی معلومات پر اعتماد یا استعمال سے ہونے والے کسی بھی نقصان کی ذمہ داری قبول نہیں کرتا۔
