Shinhan Targets $30 Trillion RWA Boom with KRW Tokenized Fund on Solana

Key Takeaways: Shinhan Asset Management is also creating a KRW-stablecoin-based tokenized fund on the Solana blockchain. The project follows Bla | Bitget crypto news!

• Shinhan Asset Management is developing a KRW-stablecoin-based tokenized fund on the Solana blockchain, mirroring BlackRock's BUIDL fund model.
• The initiative involves a partnership with Solana Foundation, Etherfuse, and Orca to build infrastructure and test the entire lifecycle of a tokenized fund ahead of South Korea's STO framework implementation.
• This project highlights Solana's growing role in institutional tokenization and the increasing global competition in the tokenized asset market.

Topics: Asset types, Infrastructure providers, Institutional adoption, Stablecoins digital cash, Tokenization platforms, Asset manager initiatives

Tags: #shinhanassetmanagement #solana #krwtokenizedfund #institutionalinvestors #stoframework #blackrockbuidlfund #etherfuse #orca #proofofconcept #onchainliquidity

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Korea LPs spur GP fund targets as Public Growth Fund drives capital surge - CHOSUNBIZ

• Korean Limited Partners (LPs) are driving increased fund formation targets for General Partners (GPs) selected for the Public Growth Fund, spurred by policy capital and relaxed RWA rules.
• Banks and financial institutions are actively committing capital to select GPs, reversing the traditional dynamic where GPs sought LPs.
• The relaxed risk-weighted asset (RWA) rules under Basel III for Public Growth Fund sub-funds and participation in government 'productive finance' initiatives are key drivers for these commitments.

Topics: Institutional adoption, Legal regulatory, Scalability, Asset manager initiatives, Regulatory sandboxes pilots, Institutional capital inflows

Tags: #publicgrowthfund #privateequityfund #venturecapital #limitedpartners #generalpartners #fundformationtargets #policycapital #rwarules #koreadevelopmentbank #shinhanassetmanagement

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