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Solana price has risen 1.08% over the past 24 hours to trade near $73.86. SOL slightly outperformed the broader crypto market, which recorded little movement over the same period.
The gain followed news that the Solana Foundation signed a partnership agreement with South Korea’s Toss Bank. The two sides will test blockchain systems for international payments, stablecoin transfers and asset tokenization. Strong network activity also supported interest in SOL.
Toss Bank signed a memorandum of understanding with the Solana Foundation in Seoul on June 19. The agreement became public on June 22. Both groups plan to test Solana-based systems for global remittances and settlement.
The bank described the deal as the first direct strategic partnership between a South Korean internet-only bank and the Solana Foundation. The initial work will involve a proof of concept rather than a public financial product. Toss Bank has not announced a launch date.
The tests will examine whether stablecoins can reduce the time and cost of international transfers. They will also assess how blockchain payments can connect with Toss Bank’s current services. Later reviews may cover tokenized assets and other digital financial products.
Park Jin-hyeon, head of strategy at Toss Bank, described the agreement as a ‘starting point’ for using blockchain infrastructure within existing banking operations. Still, the project ‘may depend on regulatory approval and successful technical tests’ before it reaches customers.
The partnership arrives as South Korea prepares new rules for virtual asset transfer services. Authorities are considering whether banks and financial technology companies should join a licensing system for cross-border crypto transfers.
The new framework is expected to take effect in December. Approved providers may gain permission to offer blockchain-based overseas transfers and foreign exchange services under formal supervision. Toss Bank said it would review its plans alongside local stablecoin legislation.
Other Asian financial groups have also tested stablecoin payment systems. KB Financial previously tested won-based stablecoin issuance, merchant settlement, offline QR payments and transfers to Vietnam. One reported transfer took less than three minutes and reduced fees by about 87%.
Meanwhile, Japan’s SBI Remit has worked on stablecoin infrastructure for international remittances and settlements. Western Union has also introduced a payment stablecoin on Solana. These trials show that financial firms are studying public blockchains as possible settlement networks.
SOL traded near $73.86 after the partnership announcement. The $73.56 level now serves as short-term support, while the recent swing high near $74.75 forms the closest resistance point.
A move above $74.75 on stronger trading volume ‘could open a path toward $75.39.’ In contrast, a drop below $73.56 ‘may expose the $72.38 area’ to another test. Traders are watching whether buying activity supports the latest price increase.
Beyond the short-term range, SOL faces a wider resistance area near $82. The token has struggled to move above this level in recent recovery attempts. A sustained break could bring the $95 zone into focus, while support between $68 and $70 may limit deeper losses.
Solana’s network data has also shown strong transaction activity. Daily spot volume for tokenized equities recently reached a reported record of $213 million. Social interest has declined over the past year, although current sentiment data points to mildly positive market expectations.
Also Read: Solana Outlook 2026: Solana Price Falls Amid Market Weakens
