Solana: Tokenized fund MOU advances proof-of-concept - 21 Aug 2026

Shinhan Asset Management, the Solana Foundation, Etherfuse, and Orca have signed a four-party MOU to run a proof-of-concept for a KRW-denominated tokenized fund. The trial will validate the fund's full issuance-to-distribution cycle, connecting the participating organizations with an institutional fund workflow.The trial creates a concrete institutional-use catalyst by testing how a tokenized fund moves from issuance through distribution, rather than announcing availability alone. Its scope remains limited because the arrangement is non-binding and still at the proof-of-concept stage, so validation would be separate from demonstrated adoption or a wider market effect.Shinhan Asset Management has signed a four-party MOU with , , and Orca to run a proof-of-concept for a KRW-denominated tokenized fund, modeled on BlackRock's BUIDL.The four organizations will validate the full issuance-to-distribution cycle.