Shinhan Financial Discusses Tokenized Finance with Digital Asset
Shinhan Financial Group said it held a meeting with key executives, including Yuval Rooz, co-founder and CEO of U.S.-based Digital Asset, and Bhviv Dwivedi, representative of the Canton Foundation, at its headquarters on Sept. 29 to discuss group-wide cooperation measures in the areas of tokenized f
On September 29, Shinhan Financial Group convened with top executives, including Digital Asset co-founder and CEO Yuval Rooz and Canton Foundation representative Bhviv Dwivedi, at its headquarters to explore cooperative measures in tokenized finance and digital asset infrastructure. The discussions centered around integrating affiliates' capabilities in payment and settlement systems, tokenized asset distribution by securities firms, and the tokenization of real-world assets by asset management companies.
They also aimed to enhance global investors' access to Korean financial products. Digital Asset, the creator of the Canton Network, and the Canton Foundation, which manages and operates the network, facilitate system connections and regulatory compliance. The network has attracted participation from major global financial institutions such as Goldman Sachs, HSBC, BNP Paribas, and the Depository Trust & Clearing Corporation.
Shinhan Financial Group inked a memorandum of understanding with the Canton Foundation in June to collaborate on network governance, with Shinhan Securities and Shinhan Venture Investment making a strategic equity investment in Digital Asset in July. This month, Shinhan Asset Management achieved final approval as a "Super Validator," a core operating institution that bolsters the stable operation of the Canton Network and participates in governance decisions.
In addition, Shinhan Asset Management agreed to collaborate with the Solana blockchain network in tokenized funds. Looking ahead, Shinhan Financial Group intends to bolster digital asset infrastructure cooperation by promoting technology verification in tandem with the institutionalization of token securities in Korea and expanding ties with overseas tokenized assets and financial institutions through the Canton Network.
Shinhan Financial Group Chairman Jin Ok-dong commented, "As institutional advancements unfold, we will responsibly prepare to forge links with global digital asset infrastructure and establish the groundwork for secure and convenient services for our customers."
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