
Shinhan Bank
Shinhan Bank is one of South Korea's largest and oldest commercial banks, with a history dating back to 1897. It offers a comprehensive range of financial services, including personal and corporate banking, foreign exchange, wealth management, and investment banking with a focus on digital innovation. It is a member of the Hedera Governing Council.
Its parent company is the Shinhan Financial Group, a major financial holding company in Korea with a significant domestic market share and an expanding international presence across Asia, Europe, and North America.
Shinhan Bank offers a blockchain-based loan management platform through a partnership with the Small Business Market Promotion Corporation (SEMAS). It has also launched a blockchain credentialing system for verifying loan documents and an integrated blockchain-based Decentralized ID (DID) for its mobile banking app, SOL.
Additionally, Shinhan Bank previously partnered with Standard Bank to develop a cross-border remittance system using stablecoins built on the Hedera distributed blockchain network. This enables the issuance and trading of stablecoins pegged to national currencies such as the South Korean won and South African rand utilizing Hedera's Token Service (HTS) and Consensus Service (HCS).
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Hashgraph Application Studio is a specialized no-code/low-code development platform designed to build and deploy enterprise-grade decentralized applications (dApps) on the Hedera network. It is the result of a strategic partnership between Joget Inc., an open-source application development firm, and The HBAR Foundation. The studio essentially provides a Hedera-centric version of the Joget platform, aiming to democratize dApp development by making it accessible to users with limited or no coding expertise.
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