Shinhan Bank completes stablecoin pilot for corporate overseas remittances on Solana

Shinhan Bank has finished a stablecoin pilot for corporate overseas remittances, built with technical support from the Solana Foundation. The headline feature is what corporate clients did not have to do. They never opened a crypto wallet or held a stablecoin, and their banking routine stayed exactly the same. The South Korean lender announced the completion of the proof-of-concept on September 30, 2026. How the pilot worked Shinhan designed the test to copy the real remittance operations of a large Korean corporation. The pilot covered the full workflow, from counterparty registration through execution and final settlement. Stablecoin-based transfers and settlements were plugged into the bank’s existing systems. To handle privacy, Shinhan ran the process on a private solution on the Solana network. The goal was to keep sensitive transaction details confidential while still supporting transparent validation of each transaction. Shinhan said the trial let it evaluate both the technical performance and the operational viability of the setup. A two-track bet on Solana The corporate pilot is not Shinhan Financial’s only Solana project. Its sister company, Shinhan Card, has been explori...