Toss Bank and Solana to Create Financial Platform

Toss Bank of South Korea has entered a partnership with the Solana Foundation to develop a blockchain-based financial infrastructure. This collaboration aims to enhance global remittance and settlement processes.

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.

— Solana (@solana) June 22, 2026

The initial phase will involve testing cross-border transfers using stablecoins, where engineers will evaluate the technical aspects and conduct transaction trials. Toss Bank aims to streamline international transactions for its customer base, which currently includes 15 million users, and supports transfers to 30 countries.

Future plans include incorporating international partners and implementing Anti-Money Laundering (AML) and Know Your Customer (KYC) protocols. Additionally, the partnership will investigate various payment models utilizing digital assets.

Solana has also been working with other South Korean firms like Shinhan Card and Hanwha Asset Management, although these initiatives are still in testing as the country finalizes its cryptocurrency regulations.

As regulatory frameworks develop, Toss Bank is looking to further integrate blockchain technology into its payment systems and tokenized assets.

Notably, KB Financial Group in South Korea recently completed the concept validation for a stablecoin linked to the won.