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Plume and Shinhan test KRW tokenized fund concept using ultra-short-term bonds offshore, excluding Korean residents.

Protocol Fundamentals
14 Aug 2026
Crypto news
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Neutral
Plume and Shinhan test KRW tokenized fund concept using ultra-short-term bonds offshore, excluding Korean residents.

Plume and Shinhan Asset Management signed an MOU to test a KRW-denominated tokenized fund backed by Shinhan's won ultra-short-term bond fund. The proof of concept will simulate issuance offshore without actual token issuance or distribution, excluding Korean residents, and will test compliance features like whitelist controls, KYC, and AML. This project aims to explore the feasibility of bringing KRW-denominated investment products to offshore markets via tokenized infrastructure before South Korea's new token securities law takes effect in 2027. The trial benchmarks BlackRock's tokenized fund model but remains exploratory with no commercial launch planned yet.

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