{
  "id": 13890326,
  "title": "Wall Street-backed blockchain Canton Network expands footprint in Korea",
  "url": "https://urgent.news/2026/10/12/wall-street-backed-blockchain-canton-network-expands-footprint-in",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-12T06:27:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times",
    "url": "https://www.koreatimes.co.kr/economy/cryptocurrency/20261012/wall-street-backed-blockchain-canton-network-expands-footprint-in-korea"
  },
  "original_language": "en",
  "account": "Canton Network, a blockchain platform favored by financial institutions, is rapidly expanding its reach in South Korea. The privacy-focused protocol, which has already secured backing from Wall Street giants like Goldman Sachs and BNP Paribas, is facilitating daily transactions of over $300 billion.\n\nYuval Rooz, co-founder and CEO of Digital Asset, the entity behind Canton Network, believes Korea is on the verge of becoming a significant player in global finance. This prediction is based on the country's tech-savvy population and increasing interest from financial institutions.\n\nRooz expressed optimism in an interview with The Korea Times, stating that once regulatory frameworks are established, the Korean market will be primed to adopt blockchain technology. He contrasted this with other regions where markets may be well-regulated, but the technology and customer base are not yet ready.\n\nKorean financial institutions are already broadening their use of Canton Network, signaling a strong alignment between the country's financial sector and this innovative blockchain solution.",
  "summary": "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…",
  "key_points": [
    "Canton Network, a blockchain platform backed by Wall Street firms, is expanding in South Korea.",
    "Daily transactions on Canton Network exceed $300 billion.",
    "Korean financial institutions are increasingly adopting Canton Network."
  ],
  "editors_take": "Targeting South Korea’s tech-savvy population signals a strategic move to capture a market where institutional interest and consumer readiness outpace the existing regulatory frameworks.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Korea Times",
        "title": "Wall Street-backed blockchain Canton Network expands footprint in Korea",
        "url": "https://urgent.news/2026/10/12/wall-street-backed-blockchain-canton-network-expands-footprint-in-13893515",
        "published": "2026-10-12T06:42:03.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}