South Korea’s Toss Bank Signs Deal With Solana Foundation
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On June 19 Toss Bank, South Korea’s third-largest internet-only bank with 15 million customers, signed the first one-to-one MOU with the Solana Foundation to develop a Solana-based global remittance proof of concept. The partnership centers on stablecoins with planned expansion into payments and tokenized assets, signaling increased Solana adoption and new crypto remittance and payment use cases.
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- Toss Bank signs the first MOU between a South Korean digital bank and the Solana Foundation.
- Partnership starts with proof of concept for Solana-based global remittance infrastructure.
- Stablecoins are the primary focus, with plans to expand into payments and tokenized assets.
Toss Bank, South Korea’s third-largest internet-only bank with 15 million customers, signed a strategic memorandum of understanding with the Solana Foundation in Seoul on June 19, marking the first direct one-to-one partnership between a South Korean digital bank and the Solana Foundation.
The agreement was signed at Toss Bank’s Sinnonhyeon office in Seocho-dong, Seoul, with Park Jin-hyeon, head of strategy at Toss Bank, and Lily Liu, chair of the Solana Foundation, signing on behalf of their respective organizations.
Read The Full Article South Korea’s Toss Bank Signs Deal With Solana Foundation On Coin Edition.
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