In an August 11 video interview with BusinessPost, published August 12, Digital Asset co-founder and chief executive Yuval Rooz said he believes this is the right time for Digital Asset to enter the Korean market in earnest.
His remarks set out a strategic direction for Korea. Rooz described where Digital Asset hopes Canton can gain traction and why he sees a wider opening for institutional digital-asset infrastructure in the country.
From interest to institutional use
Rooz said he wants Canton Network to become an important and widely used network in Korea. He said Digital Asset aims to support partners as they build and succeed, and that the company is pursuing collaboration with a range of partners to showcase interesting use cases in Korea. He also said additional Korea-related announcements could come in the following weeks.
His reasoning is rooted in market conditions rather than a single transaction. Rooz pointed to growing interest in digital assets among Korean regulators and institutional players, alongside Korea’s market size, manufacturing base and global demand for Korean equities. He said a clearer view from regulators of what can be done under existing rules could help the market develop, alongside new rules where they are needed.
Why insurance stood out
When asked about promising Korean use cases, Rooz named insurance. He said it could be one of the more interesting applications for blockchain-based infrastructure in Korea because it is a large market.
The interview sets out Rooz’s view that conditions for deeper work in Korea are improving, Digital Asset’s intention to work with partners, and insurance as an area of interest. He said additional Korea-related announcements could come in the following weeks.
A direction for Korea and Asia-Pacific
For now, the clearest news is the company’s stated direction. BusinessPost reported that Digital Asset plans to expand Canton’s presence in Korea and the wider Asia-Pacific region in response to institutional demand for digital-asset infrastructure.
