Meritz Securities partners with Canton Foundation on tokenized financial assets

Meritz Securities has signed an MOU with the Canton Foundation, the operator of the global blockchain network Canton Network, to review cooperation on tokenizing South Korean financial assets and using institutional blockchain infrastructure, according to Financial News. The agreement was signed earlier this month at Meritz Securities' headquarters in Seoul's Yeouido district. Under the deal, the two sides plan to examine ways to convert financial assets into tokenized form within the scope allowed by South Korean regulations and apply Canton Network's data protection features to the capital market.