Plume announced that it has signed an MOU with Shinhan Asset Management to conduct a proof of concept for a KRW-denominated tokenized fund, using a fund linked to KRW ultra-short-term bonds as the underlying asset. The project will test the technical and regulatory requirements for bringing the product onchain. It will not involve issuance or distribution and will be conducted in an isolated structure in a third jurisdiction, with contractual and technical measures restricting access by Korean residents.