Solana Remittance PoC Roadmap
Published 6/29/2026, 9:07:07 AM
Toss Bank’s Solana-based remittance Proof of Concept (PoC) is explicitly designed for global expansion and is not limited to South Korea. Following a Memorandum of Understanding (MOU) signed with the Solana Foundation on June 19, 2026, the bank has outlined a multi-phase roadmap that specifically includes the integration of overseas banking partners to facilitate cross-border transfers [Source: https://solanacompass.com].
Solana Remittance PoC Roadmap
The PoC aims to upgrade Toss Bank’s existing international remittance service, which currently supports 30 countries and seven major currencies (USD, EUR, CAD, GBP, AUD, SGD, and HKD) [Source: https://finance.yahoo.com].
| Phase | Objective | Scope |
|---|---|---|
| Phase 1 | Technical Feasibility | Testing stablecoin transfers and settlement on the Solana network. |
| Phase 2 | Overseas Expansion | Integrating overseas banking partners into the Solana-based rail [Source: https://www.koreaherald.com]. |
| Phase 3 | Compliance & Scale | Verifying AML/KYC procedures for cross-border blockchain transfers. |
Target Regions and Expansion Strategy
Toss Bank’s expansion strategy, led by CEO Rhee Eun-mi, targets a significant global footprint by 2030 through a combination of equity investments and Banking-as-a-Service (BaaS) models [Source: https://xangle.io].
- Advanced Markets: The bank has identified the United States, London, Hong Kong, and Singapore as primary targets for entry [Source: https://xangle.io].
- Developing Markets: Expansion is planned for Southeast Asian countries, leveraging the existing footprint of its parent company, Viva Republica, which already serves 3 million active users in Vietnam and has operations in Malaysia, Indonesia, Thailand, and the Philippines [Source: https://xangle.io].
- Cost Efficiency: By using Solana’s sub-second finality, the bank intends to reduce its current flat remittance fee of 3,900 won (~$2.70) [Source: https://finance.yahoo.com].
Regulatory Timeline
The PoC is being developed to align with South Korea's upcoming foreign exchange regulations regarding cryptocurrency transfers, which are scheduled to take effect in December 2026 [Source: https://www.koreaherald.com]. This regulatory framework is expected to provide the legal clarity necessary for the bank to move from the PoC stage to full-scale international operations.
In summary, the PoC is a foundational step for Toss Bank to transition its remittance infrastructure to a blockchain-based system capable of supporting its 2030 global expansion goals across Asia, Europe, and North America.