Shinhan Investment Corp. Signs MOU with Solana Foundation to Expand Digital Asset Ecosystem

Shinhan Investment Corp. announced on the 17th that it has signed a strategic Memorandum of Understanding (MOU) with the Solana Foundation, a global leader in public blockchain, to expand the digital asset ecosystem.

The scope of cooperation includes ▲capital market innovation using token securities (STO) and real-world asset tokenization (RWA) ▲custody infrastructure development ▲joint research on stablecoin-based online and offline payment systems ▲sharing global policy and regulatory strategies. Shinhan Investment Corp. emphasized that the agreement, signed on the 15th at its headquarters in Yeouido, Seoul, is particularly significant as it establishes a mid- to long-term cooperation framework between traditional financial institutions and public blockchain organizations.

Seil Lee, Head of Blockchain Scrum Department at Shinhan Investment Corp. (right), and Lu In, Head of APAC Business Development at Solana Foundation, are posing for a commemorative photo after signing a strategic business agreement (MOU) to expand the digital asset ecosystem at Shinhan Investment Corp.'s Yeouido TP Tower on the 15th. Shinhan Investment Corp.

Solana is a global top-tier public blockchain known for its high performance and low fees, capable of processing tens of thousands of transactions per second. It has built an active ecosystem in areas such as decentralized finance (DeFi), non-fungible tokens (NFT), gaming, and payments. Currently, the market capitalization of its native coin, SOL, is approximately 100 trillion KRW.

Shinhan Investment Corp. plans to leverage global public blockchains like Solana to secure transparency and scalability in innovative fields such as STO and RWA, thereby striving to implement financial services that overcome the limitations of the existing domestic capital market infrastructure.

Jung Yong-wook, Head of Asset Management at Shinhan Investment Corp., stated, "Both parties are closely exchanging technology and strategies through regular working group operations and online and offline consultations, and plan to establish a phased roadmap aiming for practical commercialization in the future." Ruin, Head of APAC Business Development at the Solana Foundation, also said, "The strategic partnership with Shinhan Investment Corp. is a representative case combining the capabilities of traditional financial markets and the blockchain ecosystem, which holds great significance for the expansion of the Korean and global Web3 ecosystem," adding, "Through the cooperation of both companies, we expect to present new standards to solutions and the industry."