Toss Bank partners with Solana Foundation on digital finance infrastructure

South Korean internet bank Toss Bank is partnering with the Solana Foundation to build a global digital financial infrastructure, ZDNet Korea reported. The bank will conduct a phased proof-of-concept (PoC) for a global remittance and settlement system on the Solana network. The initial phase will focus on verifying the feasibility of stablecoin-based remittances. The project will later expand to include integration with overseas partners and the implementation of integrated Anti-Money Laundering (AML) and Know Your Customer (KYC) verification processes.