Shinhan Asset Management and Shinhan Investment & Securities have signed separate memoranda of understanding with the Canton Foundation, as Shinhan Financial Group moves to use the Canton Network as a pathway for distributing Korean tokenized financial products to overseas investors.
Shinhan Asset Management signed its MOU on June 2, followed by Shinhan Investment & Securities on June 4. Both agreements establish a cooperation framework covering policy discussions, technical development, and research into the global competitiveness of Korean tokenized financial products. The arrangements will also include education and consultation around South Korea's digital asset regulatory environment.
"We expect this to be an opportunity to introduce Shinhan Asset Management's excellent financial products to global investors while complying with domestic regulations," said Lee Seok-won, CEO of Shinhan Asset Management.
Lee Sun-hoon, CEO of Shinhan Investment & Securities, said the agreement could help introduce Korean digital finance and Shinhan assets to overseas investors through Canton Foundation's global network.
Viv Diwakar, CEO of Canton Global, welcomed the agreements. "The Canton Network is a platform where financial institutions, market infrastructure providers, and ecosystem participants come together to shape the future of institutional blockchain infrastructure," he said.
Shinhan Financial Group said it plans to involve additional affiliates, including Shinhan Fund Partners, in ongoing discussions around tokenized assets, digital finance, and Canton Network policy participation.
The MOUs are non-binding cooperation agreements. No specific products, timelines, or deployment commitments were announced.
The move comes as South Korea builds out broader infrastructure for tokenized securities. Samsung SDS was recently selected to build a tokenized securities system for the Korea Securities Depository, covering blockchain node management, gateway systems, and distributed ledger tools. Shinhan affiliates have also been active separately, Shinhan Card partnered with the Solana Foundation earlier this year to test stablecoin-based payment systems.
