Toss Bank, Solana Partner on Stablecoin-Backed Remittance Rails

Toss Bank, an internet-only bank in South Korea, has partnered with Solana to test blockchain-based remittance and settlement infrastructure. The agreement was signed on June 19 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.

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