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🇰🇷 NEW: $96B Shinhan Asset Management signed an MOU with Plume to test a KRW-denominated tokenized fund, benchmarking BlackRock's BUIDL model.
Shinhan Asset Management, which oversees about $96 billion in assets, signed a memorandum of understanding with fintech firm Plume to test a Korean‑won‑denominated tokenized fund, using BlackRock's BUIDL model as a benchmark.
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What happened
Shinhan Asset Management, which oversees about $96 billion in assets, signed a memorandum of understanding with fintech firm Plume to test a Korean‑won‑denominated tokenized fund, using BlackRock’s BUIDL model as a benchmark.
Confirmed
Global impact / market context
The partnership signals that a leading Korean financial institution is exploring blockchain‑based investment products, which could simplify fund creation, lower costs for investors, and encourage other banks to adopt similar digital‑asset solutions worldwide in the region.
Analyst inference
Globally, major asset managers are piloting tokenized funds to tap into crypto markets, while regulators in South Korea are clarifying rules for digital securities, creating a supportive environment for blockchain‑based finance and new investment channels.
Analyst inference
What to watch
- Regulatory approvals – watch whether South Korean authorities grant formal permission for the tokenized fund, as approval will determine the speed of broader market rollout. Analyst inference
- Adoption by other banks – monitor if competing Korean banks announce similar tokenized fund projects, which would indicate industry‑wide momentum toward blockchain‑based investing. Analyst inference
- Performance metrics – track the pilot’s fund performance, cost savings, and investor uptake, as positive results could attract more capital and accelerate digital asset integration. Analyst inference