Strategic partnership
Hanwha Investment & Securities said Thursday it has signed a memorandum of understanding (MOU) with Digital Asset Holdings LLC, a global blockchain infrastructure firm specializing in financial services.
Headquartered in New York, Digital Asset operates the Canton Network, a blockchain adopted by major global financial institutions including Goldman Sachs, the Depository Trust & Clearing Corporation (DTCC), settlement infrastructure provider Euroclear, Hong Kong Exchanges and Clearing (HKEX) and HSBC.
The two companies plan to explore cooperation opportunities across various financial areas and build a strategic partnership to respond to the digital transformation trend in the global financial market.
Canton Network role
In particular, Hanwha Investment & Securities aims to secure a foundation for collaboration with major global financial institutions on the same infrastructure through its participation in the Canton Network. The Canton Network is the only open blockchain specialized for finance, characterized by interoperability that enables seamless asset transfers and cooperation among financial institutions.
Leadership comments
"Korea, with its strong digital innovation ecosystem, is a very important market for the expansion of the Canton Network," said Yuval Rooz, CEO of Digital Asset. "Hanwha Investment & Securities is a forward-looking partner that will accelerate this transformation."
Jang Byung-ho, CEO of Hanwha Investment & Securities, said, "The Canton Network is a next-generation financial infrastructure that has been verified by major global financial institutions. Through this partnership, we will strengthen our connectivity with the global financial ecosystem and proactively respond to changes in the future financial environment."
