Shinhan Asset Management signs MOU on won-denominated tokenized fund

Shinhan Asset Management said on Aug. 21 it signed a four-party MOU with the Solana Foundation, Etherfuse and Orca for a proof of concept on the full issuance and distribution process for a won-denominated tokenized fund. According to SBS Biz, the four parties plan to jointly verify the technology across the entire process from issuance to distribution under a structure in which overseas institutional investors buy a won-denominated ultra-short bond fund managed by Shinhan Asset Management and receive it in tokenized form.