Toss Bank Partners Solana Foundation for Cross-Border Remittance Proof of Concept
Toss Bank, South Korea's third-largest internet-only bank, has partnered with the Solana Foundation to develop a proof of concept for cross-border remittance and settlement. The phased initiative will explore stablecoin integration, payments, and real-world asset tokenization.
Toss Bank, South Korea's third-largest internet-only bank, has partnered with the Solana Foundation to develop a proof of concept for cross-border remittance and settlement using Solana's blockchain infrastructure. The partnership will explore stablecoin integration, payments, and real-world asset tokenization in phases.
The collaboration involves Toss Bank and the Solana Foundation, with the South Korean fintech preparing for an initial public offering valued at $20 billion. No specific dollar amount for the proof of concept investment, transaction volume target, or launch timeline was disclosed in the announcement.
Continue reading
3 more paragraphs for subscribers.
Free readers get a daily preview and the weekly long-form. Premium unlocks every brief in full, AM & PM editions, alerts, and the archive.