Shinhan Financial Group and Canton Foundation signed an MOU on the 4th to establish a framework for governance participation in Canton Network, a public-permissioned blockchain network designed for regulated financial markets. Shinhan Asset Management announced on the 2nd that the MOU aims to participate in governance shaping Canton Network's policy direction and build a mutually beneficial relationship for the network's technical development. Canton Network is increasingly adopted by global financial institutions as infrastructure for tokenization and digital asset markets.
Shinhan and Canton Foundation Outline Collaboration Areas
Under the MOU, both parties agreed to cooperate in education and consulting on Korea's evolving regulatory environment related to tokenization and digital assets, as well as research on the future global competitiveness of Korean digital financial products.
Executives Comment on Strategic Significance
Lee Seok-won, CEO of Shinhan Asset Management, stated: "In line with the global trend toward tokenization and digital asset market infrastructure, we decided to collaborate with Canton Network, a public-permissioned blockchain network increasingly adopted by global financial institutions." He added: "As the regulatory environment continues to develop, we expect this to be an opportunity to introduce Shinhan Asset Management's excellent products to offshore investors in the global market while complying with Korea's relevant laws."
Viv Diwaker, Global Head of Canton Foundation, commented: "Canton Network brings together financial institutions, market infrastructure providers, and ecosystem participants to co-create the future of institutional blockchain infrastructure." He continued: "We welcome Shinhan's participation and look forward to collaborating on governance participation milestones and broader initiatives supporting the growth of interoperable digital markets."
Lee Sun-hoon, CEO of Shinhan Investment & Securities, said: "We expect this to be an opportunity to introduce Korea's digital financial market and the excellent assets held by Shinhan Group to offshore markets through Canton Foundation's global network."
Shinhan Investment & Securities Joins Canton Network Governance Initiative
Shinhan Investment & Securities, another Shinhan affiliate, signed an MOU with Canton Foundation on June 4th. The subsidiary plans to collaborate with Shinhan Asset Management in broader ecosystem initiatives for governance participation within Canton Network.
FAQ
What did Shinhan Financial Group and Canton Foundation agree to on the 4th?
Shinhan Financial Group and Canton Foundation signed an MOU on the 4th to establish a framework for governance participation in Canton Network, a public-permissioned blockchain network designed for regulated financial markets.
What areas will Shinhan and Canton Foundation collaborate on under the MOU?
Both parties agreed to cooperate in education and consulting on Korea's evolving regulatory environment related to tokenization and digital assets, as well as research on the future global competitiveness of Korean digital financial products.
