Shinhan Investment said on Tuesday it signed a strategic business agreement with global real-world asset (RWA) platform company Etherfuse and will carry out brokerage and support work for issuing “Stablebond” backed by South Korean government bonds.

Etherfuse is an RWA platform company conducting global business based in the United States and Mexico. The Stablebond issued by Etherfuse supports various public blockchain networks including Solana, Stellar, Canton and Monad.

Under the cooperation, Etherfuse plans to issue a Stablebond (KTB) backed by South Korean government bonds. Shinhan Investment will not be the issuer or seller of the product, but will provide government bond brokerage and support for acquiring and managing the underlying assets. It plans to help Etherfuse secure and manage South Korean government bonds smoothly and stably.

The collaboration can raise access to South Korea’s capital market and can be expected to expand global demand for won assets by creating a structure for dollar-based virtual asset liquidity to flow into South Korean government bonds denominated in won.

Previously, overseas investors had to go through complex procedures such as currency exchange, account opening and brokerage costs to invest in South Korean government bonds. Using a blockchain-based Stablebond structure allows investors worldwide to access the stability and profitability of South Korean government bonds around the clock through a blockchain wallet.

An official at Shinhan Investment’s digital asset division said, “This collaboration is an example of expanding a borderless financial ecosystem by combining traditional financial infrastructure with global blockchain technology.” The official added, “We will continue to connect Korea’s high-quality assets to global markets, establish blockchain-based issuance and distribution structures, and lead financial innovation.”