Wall Street-backed blockchain Canton Network expands footprint in Korea
Many crypto projects have sought to bring traditional finance onto blockchain, but few have gained as much traction as Canton Network, a privacy-focused blockchain for institutional finance. Already embraced by financial heavyweights such as Goldman Sachs, BNP Paribas and the London Stock Exchange Group, Canton is facilitating more than $300 billion in daily value transfers while deepening its…
Canton Network, a privacy-focused blockchain designed for institutional finance, has been gaining significant traction in the crypto space. Backed by Wall Street, the platform has already secured the trust of major financial institutions such as Goldman Sachs, BNP Paribas, and the London Stock Exchange Group. With its presence expanding in Korea, Canton is facilitating daily value transfers exceeding $300 billion.
Yuval Rooz, co-founder and CEO of Digital Asset, the company behind Canton Network, has expressed his optimism about Korea's potential role in global finance. In a recent interview with The Korea Times, Rooz highlighted the tech-savvy population and growing institutional interest in the country as key factors contributing to this potential.
"Once the regulation takes place, and I believe that it will, you actually have a market that is already ready for the technology," Rooz said. "In other places, regulation might be ahead, but the customers and the companies are not ready for the technology."
Korean financial institutions are already broadening their involvement with Canton Network, signaling a growing acceptance of blockchain technology in the region.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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