Shinhan Bank completed a proof-of-concept for corporate overseas remittances on September 30, 2026, with technical support from the Solana Foundation. The pilot used stablecoins (digital tokens designed to maintain stable value) within the bank’s existing systems, while corporate clients continued using their normal banking procedures without opening crypto wallets or holding stablecoins. The test replicated a large Korean company’s remittance workflow from counterparty registration through execution and final settlement, using a private solution on the Solana network to protect sensitive transaction information while enabling transparent transaction validation. Shinhan said the exercise assessed both technical performance and operational viability. Separately, Shinhan Card is exploring retail stablecoin payments with Solana in a collaboration announced on April 30, 2026. Shinhan’s next step is to assess whether the corporate system can become a real-world service under applicable regulatory frameworks. Commercial rollout depends in part on South Korea’s Digital Asset Basic Act, which remains under development and is intended to establish a more structured legal framework for digital assets. Market watchers will focus on the law’s progress, any commercial-service timeline from Shinhan, comparable trials by other Korean lenders, and the development of Shinhan Bank’s corporate and Shinhan Card’s retail Solana initiatives.