Bank & market adoption
Suhyup Bank tests tokenised deposit FX remittance on Partior
APACSource: Partior
- SOOHO.IO announced on 11 November 2026 that it is starting Project Namsan Phase 2 with Korea's Suhyup Bank, a proof-of-concept programme that tests FX remittance on Partior, the multi-bank settlement network that is production-live in USD, EUR and SGD using tokenised commercial bank deposits as the settlement asset; several other Korean financial institutions are in talks to take part.
- Phase 2 widens the programme from domestic payments and settlement to cross-border remittance and settlement using tokenised deposits, with each institution's FX and overseas remittance teams running the full flow from payment initiation to settlement finality, including exceptions.
- The release states that the programme is a proof of concept, not a production service, and that KRW is not live on Partior today.
Why it matters
Korean banks get a hands-on route to test tokenised deposit cross-border settlement on a live multi-bank network before domestic rules are set, with Suhyup Bank the first participant and a KRW leg still outside the current scope.
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More detail
Who is affected
Suhyup Bank's FX and overseas remittance teams, SOOHO.IO, Partior, and the other Korean financial institutions the release says are in talks to take part.
Key dates
- SOOHO.IO announces Project Namsan Phase 2 with Suhyup Bank
What remains uncertain
- The release says KRW is not live on Partior today, so a won leg is not part of the test.
- Other Korean institutions are described only as in talks to take part; none is named.
Adoption status
- PilotSuhyup BankProject Namsan Phase 2: FX remittance proof of concept on Partior with SOOHO.IO (tokenised deposits as the settlement asset)
Key facts
- Event
- Pilot
- Jurisdiction
- APAC
- Source
- Partior
- Source tier
- Tier 2 · Bank / FMI
- Product
- Tokenized deposits
Institutions
How we verified this
The source says
“The proof-of-concept programme tests FX remittance on Partior, the global multi-currency settlement network.”
“This programme is a proof of concept. It is not a production service.”
“Partior is the multi-bank settlement network that is production-live in USD, EUR and SGD, using tokenised commercial bank deposits as the settlement asset.”
“FX and overseas remittance teams at each institution run the full flow, from payment initiation to settlement finality.”
“That could lead to Korean institutions testing settlement flows that include a KRW leg under near real-world conditions, although KRW is not live on Partior today.”
Verbatim from Partior, matched word for word against the live page on 13 November 2026.
Sources
- Official institutionalPartior ↗2026-11-11T2Bank / FMI
Evidence
- Confidence
- Medium The institution’s own statement; quote string-matched. Proves what the institution says, not independent confirmation.
- Quote verified
- 2026-11-13 11:59 UTC
- Archived snapshot
- SHA-256
b2be08ba2e91137d…· fetched 2026-11-13 · Wayback Machine copy ↗ - Source type
- Official institutional Partior ↗
Change log (1)
- 2026-11-13 Published
AI-assisted: the summary and analysis were drafted with AI from the primary source and checked by the editors. AI-drafted from the primary source; quote string-matched against the live source page.
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