Shinhan Bank completes stablecoin test for corporate cross-border transfers

Shinhan Bank completed a technical pilot of the full corporate cross-border transfer cycle using stablecoins, from request to payout and refund. The Solana Foundation was the tech partner; clients need no crypto wallet as settlement happens inside the bank.

• Five stages tested: registration, FX account, transfer, settlement, refund
• Clients need no crypto wallet or stablecoin purchases
• Solana Foundation served as technology partner
• Rollout depends on future regulatory changes