Shinhan Investment & Securities announced on the 27th its participation as an investor in Digital Asset, the operator of Canton Network, a blockchain network designed for regulated financial markets. The investment was made through a $355 million funding round led by a16z crypto, the cryptocurrency-focused fund of Andreessen Horowitz. Shinhan Investment & Securities and Shinhan Venture Investment co-invested, aiming to expand Shinhan Financial Group's global digital business while generating investment returns. Digital Asset, founded in 2014, operates Canton Network, a privacy-focused blockchain network for financial institutions that supports institutional-grade privacy while enabling on-chain migration of assets, applications, and regulatory workflows.
Shinhan Investment & Securities Joins $355M Digital Asset Funding Round
The investment was executed through participation in a $355 million funding round led by a16z crypto. Shinhan Investment & Securities and Shinhan Venture Investment jointly invested in Digital Asset. The plan includes expanding Shinhan Financial Group's global digital business alongside generating investment performance.
Canton Network Provides Privacy Infrastructure for Financial Institutions
Canton Network is a public Layer 1 blockchain that supports institutional-grade privacy. The network is evaluated as infrastructure capable of simultaneously implementing privacy, compliance, and interoperability required by the financial sector while migrating assets, applications, and regulatory workflows to an on-chain environment. Goldman Sachs, HSBC, and BNP Paribas are participating in Canton Network.
Shinhan Financial Group Expands Canton Network Partnership
Shinhan Investment & Securities and Shinhan Asset Management signed a Memorandum of Understanding (MOU) in June to establish a framework for participating in Canton Network governance. A Shinhan Investment & Securities representative stated, "This investment demonstrates Shinhan Financial Group's interest and confidence in blockchain infrastructure that regulated financial institutions can use with confidence. We highly value Canton Network's privacy and compliance capabilities, and we are pleased to participate in building global infrastructure that can support the participation of institutional investors in the Asian region in the digital asset market."
Digital Asset CEO Highlights Asia Market Expansion Milestone
Yuval Rooz, Co-founder and CEO of Digital Asset, stated, "Shinhan Investment & Securities' joining as an investor will be an important milestone in Digital Asset and Canton Network's expansion into the Asian market. It has become an opportunity to reaffirm the market's demand for infrastructure that allows regulated financial institutions to utilize shared networks while maintaining privacy and compliance."
Shinhan Investment & Securities plans to further expand cooperation with the Canton Network ecosystem and actively work to establish a foundation for domestic institutional investors to utilize digital assets. The company intends to continue discovering strategic investment opportunities in future financial technology sectors such as digital assets and blockchain based on its global network.
FAQ
What did Shinhan Investment & Securities announce on the 27th?
Shinhan Investment & Securities announced on the 27th its participation as an investor in Digital Asset, the operator of Canton Network, through a $355 million funding round led by a16z crypto.
Which financial institutions are participating in Canton Network?
Goldman Sachs, HSBC, and BNP Paribas are participating in Canton Network, a privacy-focused blockchain network for regulated financial institutions.
