As debate continues in South Korea over regulating digital assets, financial firms are accelerating efforts to secure related infrastructure. Banks, securities firms and asset managers are moving beyond investment and cooperation with exchanges to widen ties with global blockchain foundations, real-world asset companies and token securities platforms. Industry participants are signing partnerships and making equity investments, while firms also examine stablecoin, tokenisation and distributed-ledger infrastructure as they prepare for competition after formal rules are set.

Toss Bank is working with the Solana Foundation to test blockchain-based global remittance infrastructure. The bank aims to verify the potential use of stablecoins in overseas remittances and later broaden cooperation to payments and digital assets. Toss Bank said it signed a strategic memorandum of understanding with the Solana Foundation in Seoul on June 19. It called the agreement the first one-to-one strategic partnership between a South Korean internet-only bank and the foundation.