Shinhan Financial Group partners with Canton Foundation to boost digital asset cooperation

Shinhan Financial Group is pursuing participation in the governance of the global blockchain Canton Network, Edaily reported. The group's subsidiary, Shinhan Asset Management, announced today that it signed a memorandum of understanding (MOU) with the Canton Foundation on June 2. Under the agreement, the two parties will establish a framework for Shinhan's governance participation and cooperate on the network's technological advancement. They will also collaborate on education and consulting regarding South Korea's regulatory environment for tokenization and digital assets, and research the international competitiveness of South Korean digital financial products.