Plume and Shinhan Asset Management sign MOU to develop proof of concept for KRW-denominated tokenized fund

Plume has signed an MOU with Shinhan Asset Management, described as Korea's leading asset manager with KRW 133.6 trillion in assets under management, to develop a proof of concept for a KRW-denominated tokenized fund. The fund would use Won ultra-short-term bonds as its underlying assets. According to the announcement, the POC will test the process of bringing Won-denominated products onchain.

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