Plume, a real-world asset blockchain, has signed a memorandum of understanding with South Korea’s Shinhan Asset Management to pilot a won-denominated tokenized fund, according to Techub News, citing CryptoBriefing. The planned fund will use short-term won bonds as its underlying assets and will be operated outside South Korea.
Shinhan Asset Management is part of Shinhan Financial Group. The project marks another move by a South Korean financial institution into digital assets. The stated aim is to offer local investors an on-chain fixed-income product without taking on foreign-exchange risk. No further details on timeline, structure, or launch size were disclosed in the report.
Plume, a real-world asset (RWA) blockchain, has signed a memorandum of understanding with South Korea’s Shinhan Asset Management to pilot a won-denominated tokenized fund, Techub News reported, citing CryptoBriefing.
The fund will use short-term won bonds as its underlying assets and will be operated outside South Korea.
Shinhan Asset Management is part of Shinhan Financial Group. The cooperation is described as the latest attempt by a South Korean financial institution to enter the digital-asset sector, with the goal of offering local investors an on-chain fixed-income product without foreign-exchange risk.
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