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NewStreet Asset Management Partners with the Solana Foundation to Advance Won-Pegged Tokenized Fund Issuance
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BlockBeats News, August 21, New Korean Asset Management Company signed a four-party Memorandum of Understanding with Solana Foundation, Etherfuse, and Orca to jointly promote the concept validation of a Korean won-denominated tokenization fund.

The fund's structure is based on BlackRock's BUIDL Fund, where overseas institutional investors purchase the Korean Asset Management Company's Korean won ultra-short-term bond fund, and the holdings will be issued in tokenized form. The concept validation will cover KYC/AML framework, security audits, blockchain operations, compliance, and on-chain liquidity design.

Source: BlockBeats

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