Shinhan Financial Group will leverage Visa’s platform to experiment with stablecoin issuance, cross‑border remittances and redemption, while creating new AI‑enabled payment solutions for the South Korean market.

• Shinhan Financial Group plans to use Visa’s stablecoin platform to test issuance, remittances and redemptions while developing AI‑powered payment models for South Korea.
• The collaboration marks the first time a top‑tier South Korean financial group adopts Visa’s enterprise stablecoin infrastructure, with pilot projects covering card settlement and B2B payments.
• The agreement comes as South Korea advances comprehensive digital‑asset legislation and Shinhan expands its crypto initiatives, including trials of stablecoin payments and a won‑denominated tokenized fund.
• Shinhan Financial Group (55550), one of the nation’s five largest financial conglomerates, intends to build stablecoin infrastructure and AI‑driven payment models alongside Visa, according to FNNews.
• Seoul‑based Shinhan will employ Visa’s stablecoin platform to validate core functions such as issuance, remittance and redemption, while co‑creating a Korea‑specific business model.
• The deal gives Visa an early edge over Mastercard in bank‑native stablecoin settlement in South Korea, where Mastercard’s crypto partnerships have not yet achieved full stablecoin settlement integration.
• Visa and Shinhan also plan pilot programs that integrate stablecoins into bank‑card payment settlement and broaden business‑to‑business (B2B) and business‑to‑customer (B2C) payment capabilities.
• «We will combine Shinhan’s financial expertise with Visa’s global infrastructure to jointly design the next generation of financial models,» said Jin Ok‑dong, chairman of Shinhan Financial Group.
• The partnership aligns with South Korea’s progress on the Digital Asset Basic Act, a broad framework that addresses stablecoins, VASP licensing and crypto‑ETF products.
• Shinhan, which manages roughly 134 trillion won ($100 billion) in assets, is pursuing additional crypto projects. Its asset‑management arm signed a four‑party agreement with the Solana Foundation, Etherfuse and Orca earlier this month to test a won‑denominated tokenized fund. Shinhan and Solana also partnered in April to trial stablecoin payment systems.
• Anvil is a shared on‑chain collateral layer built on a programmable letter of credit: reserve assets serve as guarantee—no loan, no interest, keep custody and yield.
• Why it matters: Anvil is a shared on‑chain collateral layer built on a programmable letter of credit: reserve assets serve as guarantee—no loan, no interest, keep custody and yield.