Plume signs MOU with Shinhan Asset Management for KRW-denominated tokenized fund

Plume, the real-world asset focused Layer-1 blockchain, has signed a memorandum of understanding with Shinhan Asset Management to develop a KRW-denominated tokenized investment fund. The fund will be backed by short-term Won bonds, with pilot operations set to run in a separate jurisdiction outside South Korea. The deal pairs a crypto-native infrastructure provider with one of Korea’s heavyweight financial institutions. Shinhan Asset Management is part of Shinhan Financial Group, one of the country’s largest banking conglomerates. What the partnership actually involves The MOU lays the groundwork for testing a tokenized fund denominated in Korean Won. The underlying assets would be short-term Won bonds, essentially taking a familiar, low-risk fixed-income product and wrapping it in on-chain infrastructure. The decision to test this in a jurisdiction outside South Korea is telling. Korean regulators have been moving toward clearer digital asset frameworks, but the pace has been cautious enough that institutions often look offshore for initial pilots. Why Plume and why now Plume has been positioning itself as the go-to Layer-1 for real-world asset tokenization. The network is EVM-com...