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Toss Bank Taps Solana for Global Remittances

South Korea's Toss Bank is teaming up with the Solana Foundation to explore using stablecoins for international money transfers. This partnership aims to give Toss Bank's 15 million customers access to faster and cheaper cross-border transactions. The two organizations signed a memorandum of understanding in Seoul on June 19.

Why This Partnership Matters

This move is a big deal for Toss Bank's 15 million customers, who can expect faster and cheaper cross-border transactions.

Real talk: this is the first time a South Korean internet-only bank has inked a one-to-one strategic partnership with the Solana Foundation. It's a landmark deal.

The Details and Timeline

This news hit the wires at 3:20 AM on June 22, 2026, according to Cointelegraph. That's when the world learned Toss Bank was dipping its toes into the crypto pool for global payments.

References

  1. INTEL: Toss Bank is partnering with the Solana Foundation to test stablecoin-based global remittances, the first direct one-to-one deal between a South Korean internet-only bank and Solana
  2. 🇰🇷 JUST IN: South Korea's Toss Bank will use Solana for its global remittance and settlement proof of concept, giving its 15 million customers access to faster, cheaper cross-border transactions.
  3. [Toss Bank, Solana Foundation to Test Solana-Based Remittances and Stablecoin Use

South Korea’s third-largest internet-only bank, Toss Bank, signed an MOU with the Solana Foundation in Seoul on June 19 to test global remittance and settlement infrastructure based on the Solana](https://x.com/WuBlockchain/status/2068899208514662743) 4. [Solana Lands Major South Korean Banking Partnership

South Korean digital bank Toss Bank will use Solana (@solana) $SOL for a proof of concept focused on global remittance and settlement.

The initiative aims to deliver faster and lower cost international financial services to](https://x.com/BSCNews/status/2068907328661836127) 5. South Korea’s Toss Bank to Test Solana for Global Remittances and Settlement, Cointelegraph Reports