Managing over KRW 133.6 trillion, Shinhan Asset Management is a leading Korean asset manager. Their MOU with Plume to develop a proof of concept for a KRW-denominated tokenized fund shows that Open Finance extends beyond USD, and Plume is committed to building the infrastructure for global markets. Read the full story:

A major Korean asset manager overseeing 133.6 trillion won is working with Plume on a cross-border pilot for a won-denominated tokenized bond fund, structured for issuance in a third jurisdiction. The structure is the point. Mainstream Asian managers are starting to issue tokenized funds from the jurisdictions best suited to them, reaching international investors. Tokenization is a channel for cross-border capital, not just a way to put assets on-chain.