Shinhan Asset Management announces it has signed a Memorandum of Understanding (MOU) with Plume, an open finance platform for institutional assets, to develop a demonstration of a Korean won (KRW)-denominated tokenized fund. The collaboration focuses on testing how tokenized securities can be structured and operated in a pilot setting.
According to both outlets, the pilot uses a KRW-denominated ultra-short-term bond fund as the underlying asset. PR Newswire frames the work as a “demonstration” project stemming from the MOU, while Cointelegraph emphasizes the partnership’s goal of testing the tokenized fund with that specific underlying bond strategy. The reports do not provide further details on timelines, participating parties beyond the two organizations, or regulatory approvals, nor do they describe expected performance outcomes.
Overall, the coverage is consistent on the existence of the MOU, Plume’s role as the platform, and the planned KRW tokenized fund pilot tied to an ultra-short-term bond fund underlying asset.
