Canton Foundation president Viv Diwakar put the next stage of tokenization at the centre of his Korea Blockchain Week keynote: making assets useful after they have been issued.
His September 30 session, Beyond Tokenization: Markets, Not Chains, focused on connecting financial markets while allowing institutions to keep control of their systems, data and operating rules.
The case was practical. An asset held on one system is more useful if its owner can trade it, exchange it for cash or use it as collateral elsewhere. Disconnected markets and limited operating hours can leave capital tied up while institutions wait for settlement.
Diwakar illustrated the opportunity with a hypothetical Seoul-issued money market fund. Its holder could obtain dollars from a counterparty on another network, with the transaction completing even on a Saturday morning.
The settlement model he described completes the asset transfer and payment together, or neither completes. It is intended to reduce the gap between delivering an asset and receiving payment.
The keynote’s wider argument was that Korea and other Asian markets can connect domestic assets with global capital while retaining local regulatory and operational requirements.
