South Korea2026.10.01TokenPost

Shinhan Bank Completes Proof-of-Concept for Stablecoin-Based Corporate Cross-Border Remittance

• Shinhan Bank and the Solana Foundation jointly completed the proof-of-concept, announced September 30 via Shinhan Financial Group's official statement.
• The pilot tested the entire corporate remittance workflow — beneficiary registration, internal approval, foreign currency account checks, transfer execution, settlement, overseas payment, and remittance reversal.
• Corporate clients keep using their existing corporate banking and foreign currency accounts without needing a digital asset wallet, as the bank manages stablecoin-based transfers and settlement while protecting client transaction details such as counterparties and amounts.