TL;DR:
- Toss Bank signed a memorandum of understanding with the Solana Foundation to develop blockchain-based financial infrastructure.
- The agreement includes a proof of concept for international remittances and stablecoin payments, with progressive implementation phases.
- The bank already operates remittances to 30 countries in seven currencies and has 15 million customers who could access the new services.
Toss Bank, South Korea’s exclusively digital bank, signed a memorandum of understanding with the Solana Foundation to explore the development of a blockchain-based financial infrastructure aimed at users worldwide. The agreement establishes a phased plan to integrate the bank’s existing financial services into a digital architecture that includes a proof of concept for international remittances and settlements on the Solana network.
In the first phase of the pilot project, the bank will verify the technical feasibility of stablecoin remittances on Solana. Subsequent phases will include infrastructure testing with foreign partners and the evaluation of anti-money laundering and identity verification processes. Additionally, both parties will review payment and settlement models based on blockchain and explore financial services involving digital assets and tokens.
BREAKING: Toss Bank is set to use Solana for its global remittance and settlement PoC.
The South Korean bank’s 15 million customers will be able to experience faster, more cost-effective global digital finance with Solana. pic.twitter.com/fSdOUFWKL0
— Solana (@solana) June 22, 2026
Toss Bank Bets on International Digital Finance
Jin-hyun Park, Chief Strategy Officer at Toss Bank, stated in a press release that the collaboration “marks the starting point for a phased pilot project aimed at applying a digital financial infrastructure based on blockchain to the innovative services Toss Bank already operates.” Park added that the goal is for the bank’s 15 million customers to access faster and more affordable global digital finance through Solana.
The bank highlighted that the alliance with the Solana Foundation aims to expand its international remittance services, which currently operate in 30 countries and cover seven currencies. It also indicated plans to extend testing into sectors such as payments, digital assets, and tokenized assets.
Waiting for Regulatory Clarity
The Solana Foundation has multiplied its alliances with financial institutions in South Korea in recent months, including Shinhan Card and Hanwha Asset Management. Nevertheless, all these agreements remain in the proof of concept phase, as the local regulatory framework is still under development. Toss Bank explicitly acknowledged that scenario and stated it will closely monitor domestic legislative trends regarding stablecoins.
