Shinhan Asset Management Partners with Plume for Tokenized Fund Pilot

South Korea's Shinhan Asset Management has partnered with blockchain firm Plume to pilot a tokenized fund. The fund will use an ultra-short-term bond fund as its underlying asset, denominated in Korean won. This marks one of the first instances of a traditional financial institution partnering with a fintech company to test tokenization technology. The goal is to provide investors with greater liquidity and flexibility in managing their investments.