Shinhan Asset Management partners with Plume on tokenized fund pilot
60-second summary
Shinhan Asset Management is partnering with Plume to pilot a tokenized fund, utilizing a Korean won-denominated ultra-short-term bond fund as its underlying asset. The pilot aims to test the feasibility of tokenized funds in the Korean market, potentially paving the way for increased adoption of digital asset management solutions. Market implications may include expanded access to investment opportunities.
Shinhan Asset Management and Plume will test a tokenized fund using a Korean won-denominated ultra-short-term bond fund as its underlying asset.