{"slug": "shinhan-and-visa-team-up-to-test-stablecoin-issuance-and-b2b-settlements-in", "title": "Shinhan and Visa team up to test stablecoin issuance and B2B settlements in South Korea", "summary": "Shinhan Financial Group (55550) and Visa will jointly build stablecoin infrastructure and AI-powered payment models in South Korea, marking the first adoption of Visa's enterprise stablecoin platform by a top-tier South Korean financial group. The partnership includes pilot projects for stablecoin integration into bank card settlements and B2B/B2C payments, as South Korea advances its Digital Asset Basic Act. Shinhan, with about 134 trillion won ($100 billion) in assets under management, also recently signed a four-party agreement with the Solana Foundation, Etherfuse, and Orca to test a won-denominated tokenized fund.", "body_md": "Shinhan Financial Group (55550), one of South Korea’s five largest financial conglomerates, plans to build stablecoin infrastructure and develop AI-powered payment models alongside Visa, South Korean news outlet FNNews reported.\n\nSeoul-based Shinhan intends to use Visa’s stablecoin platform to verify core functions, including issuance, remittance and redemption, while jointly designing a Korea-specific business model.\n\nThe deal marks the first time a South Korean top-tier financial group formally adopts Visa's enterprise stablecoin infrastructure, launched in July, to test a full domestic settlement stack. The agreement gives Visa a head start over Mastercard in bank-native stablecoin settlement infrastructure in South Korea. Mastercard's crypto partnerships in the country have so far stopped short of full stablecoin settlement integration.\n\nVisa and Shinhan also plan to run pilot projects covering stablecoin integration into bank card payment settlement and the expansion of business-to-business (B2B) and business-to-customer (B2C) payments.\n\n\"We will combine Shinhan's financial capabilities with Visa's global infrastructure to jointly design new future finance models,\" said Jin Ok-dong, chairman of Shinhan Financial Group.\n\nThe deal comes as South Korea advances its Digital Asset Basic Act, a broad framework covering stablecoins, VASP licensing and crypto exchange-traded funds (ETFs).\n\nShinhan, which has around 134 trillion won ($100 billion) in assets under management, has other crypto projects in the works. Its asset management division signed a four-party agreement with the Solana Foundation, Etherfuse and Orca to test a Korean won-denominated tokenized fund earlier this month, according to a Solana X post. Shinhan and Solana partnered in April to trial stablecoin payment systems.", "url": "https://wpnews.pro/news/shinhan-and-visa-team-up-to-test-stablecoin-issuance-and-b2b-settlements-in", "canonical_source": "https://cryptonews.net/news/finance/33353813/", "published_at": "2026-08-26 15:41:03+00:00", "updated_at": "2026-08-26 16:16:08.847616+00:00", "lang": "en", "topics": ["ai-products", "ai-policy"], "entities": ["Shinhan Financial Group", "Visa", "Mastercard", "Jin Ok-dong", "Solana Foundation", "Etherfuse", "Orca"], "alternates": {"html": "https://wpnews.pro/news/shinhan-and-visa-team-up-to-test-stablecoin-issuance-and-b2b-settlements-in", "markdown": "https://wpnews.pro/news/shinhan-and-visa-team-up-to-test-stablecoin-issuance-and-b2b-settlements-in.md", "text": "https://wpnews.pro/news/shinhan-and-visa-team-up-to-test-stablecoin-issuance-and-b2b-settlements-in.txt", "jsonld": "https://wpnews.pro/news/shinhan-and-visa-team-up-to-test-stablecoin-issuance-and-b2b-settlements-in.jsonld"}}