Shinhan tests KRW tokenized fund on Solana amid Bitcoin rally

tokenized fund Solana blockchain Real World Assets Bitcoin rally U.S. Treasury buybacks

Shinhan Asset Management has entered a four-party memorandum of understanding with the Solana Foundation, Etherfuse, and Orca to develop a proof-of-concept for a Korean won (KRW)-denominated tokenized fund. Modeled after BlackRock’s BUIDL fund, the pilot program aims to test the complete lifecycle of a tokenized investment, including investor onboarding, KYC/AML compliance, issuance, and on-chain liquidity design. The proposed fund will be backed by an ultra-short-term Korean won bond fund.

This initiative comes as the Real World Asset (RWA) market, currently valued at approximately $36 billion, is projected by BCG to potentially reach $30 trillion. The project seeks to prepare for South Korea’s upcoming security token regulatory framework.

Simultaneously, the broader cryptocurrency market is experiencing significant volatility and growth. Bitcoin has seen a major rally, recently touching $79,455, driven by a massive short squeeze and favorable macroeconomic signals. A key driver for this liquidity surge is the U.S. Treasury’s announcement that it will double its long-term bond buybacks, increasing the maximum amount per operation from $2 billion to at least $4 billion to stabilize market yields. This move, combined with regulatory optimism surrounding the CLARITY Act, has bolstered investor confidence across digital assets.

Entities

Backpack Securities · Bitcoin · Bitwise · BlackRock · Donald Trump · Eli Lilly · Etherfuse · Grayscale · Moderna · Neuberger · Orca · Shinhan Asset Management

Claims

What the coverage asserts, and how many sources carry each claim.

[● 2 SOURCES] The pilot program includes testing investor onboarding, KYC, AML, and on-chain liquidity design. www.tronweekly.com · www.cryptoninjas.net
[● 3 SOURCES] The Real World Asset (RWA) market is projected by BCG to potentially reach $30 trillion. mycryptoparadise.com · www.tronweekly.com · www.cryptoninjas.net
[● 3 SOURCES] Shinhan signed a four-party memorandum of understanding with the Solana Foundation, Etherfuse, and Orca on August 21. www.tronweekly.com · www.cryptoninjas.net · mycryptoparadise.com
[● 4 SOURCES] Shinhan Asset Management is testing a Korean won-denominated tokenized fund on the Solana blockchain. www.tronweekly.com · www.cryptoninjas.net · mycryptoparadise.com · bitcoinethereumnews.com
[● 5 SOURCES] The U.S. Treasury announced it will double its long-term bond buybacks to increase market liquidity. coingape.com · criptotendencia.com · www.finanznachrichten.de · totalnewsagency.com · bitfinanzas.com
[● 2 SOURCES] The proposed tokenized fund will be backed by an ultra-short-term Korean won bond fund. www.tronweekly.com · www.cryptoninjas.net
[○ 1 SOURCE] The Alpenglow upgrade aims to reduce Solana network finality from 12.8 seconds to approximately 150 milliseconds. www.finanznachrichten.de
[DISPUTED] U.S. spot Solana ETFs recorded $14.59 million in net inflows, the largest single-day inflow in three weeks. coingape.com
[● 3 SOURCES] Shinhan signed a four-party memorandum of understanding on August 21 with the Solana Foundation, Etherfuse, and Orca. www.tronweekly.com · www.cryptoninjas.net · mycryptoparadise.com
[○ 1 SOURCE] The Alpenglow upgrade will reduce network finality from 12.8 seconds to approximately 150 milliseconds. www.finanznachrichten.de
[○ 1 SOURCE] Solana’s tokenized equity market reached a total supply of $465 million.
[● 3 SOURCES] The Real World Asset (RWA) market is projected by BCG to reach as much as $30 trillion. mycryptoparadise.com · www.cryptoninjas.net · www.tronweekly.com