Toss Bank Tests Stablecoin Remittances with Solana

Toss Bank, a South Korean internet-only bank, has partnered with the Solana Foundation to test blockchain-based remittance and settlement infrastructure. The agreement was signed on June 19 in Seoul and announced on June 22.

The first phase will focus on testing whether stablecoin transfers on Solana can fit into existing remittance workflows. Toss Bank will handle the banking-service and user-experience side of the trial, while Solana provides the blockchain infrastructure for faster settlement and lower-cost cross-border payment flows.

This partnership gives Solana another regulated-finance foothold in South Korea, where banks and fintech platforms are testing tokenized assets, digital bonds, stablecoin payments, and blockchain settlement rails. Toss Bank serves about 15 million customers, giving the proof of concept (PoC) a large potential distribution base if the bank later moves beyond testing.