# Shinhan Targets $30 Trillion RWA Market with KRW Tokenized Fund on Solana Shinhan Asset Management is developing a KRW-based tokenized fund on the Solana blockchain. - **Source:** [CryptoNinjas](https://brifing.si/source/1b474a6a-b607-4f1e-8706-b192b0c6d750) - **Published:** 2026-08-21 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/8f7c9001-b85d-479b-90d6-b0b4555c45c5 ## Shinhan's Tokenized Fund Project Shinhan Asset Management is developing a KRW-based tokenized fund on the Solana blockchain. The project models BlackRock's BUIDL fund and targets institutional investors. It fully tests the issuance and distribution processes ahead of South Korea's STO framework. Shinhan has signed a four-party agreement with Solana Foundation, Etherfuse, and Orca. ## BlackRock Model Shinhan's tokenized fund project is structured similarly to BlackRock's BUIDL fund. This model allows overseas institutional investors to invest in KRW through tokenization on Solana. The project is in the technology validation phase and is not yet a product launch. Shinhan covers the entire lifecycle of the fund in the proof-of-concept process. ## Infrastructure Before Regulation South Korea has enacted laws for tokenized securities, expected to be fully implemented by 2027. Shinhan is testing infrastructure and operational processes without waiting for full regulatory launch. The project will test how tokenized fund issuance complies with national and international foreign exchange and investor protection regulations. ## Solana's Role Solana enhances its prominence in the tokenized asset space by providing blockchain infrastructure for this project. Solana Foundation facilitates blockchain infrastructure, while Etherfuse brings tokenization technology and issuance tools. Orca participates in creating the onchain liquidity protocol and the distribution and trading of tokenized fund shares. ## Tokenized Asset Market Tokenized real-world assets have become a major focus for banks, asset managers, and fintech companies. Industry experts predict the market could reach trillions of dollars in the next decade. Shinhan's project goes beyond a mere technology experiment. ## South Korea's STO Framework South Korea has established a legal framework for tokenized securities, expected to be fully implemented by 2027. Shinhan is using this transition period to test infrastructure and operational processes. The project will test the compliance of tokenized fund issuance with regulations. ## Global Competition There is increasing global competition in the tokenized asset market. Banks, asset managers, and fintech companies are adopting tokenization technology to modernize traditional financial products. Shinhan's project could be a significant step in this competition. ## Future of Financial Products Tokenized assets are shaping the future of financial products. Shinhan's KRW-based tokenized fund on Solana could be a pioneering example of this trend. The project represents a significant technological and financial step forward. ## Sources covering this story - https://www.cryptoninjas.net/news/shinhan-targets-30-trillion-rwa-boom-with-krw-tokenized-fund-on-solana/ — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._