Hanwha Securities Signs MOU with Financial Blockchain Firm Digital Asset

Strategic Partnership with Digital Asset, a Global Blockchain Infrastructure Company Specialized in Finance

Jang Byungho, CEO of Hanwha Investment & Securities (second from the right), Yuval Rooz, CEO of Digital Asset Holdings LLC (third from the right), and other representatives from both companies pose for a commemorative photo after signing the MOU. (From right: Hanwha Investment & Securities Vice President Ahn Inseong, CEO Jang Byungho, Digital Asset CEO Yuval Rooz, Hanwha Investment & Securities Executive Director Son Jongmin, Digital Asset Director Beatriz Callaghan)

On April 20, Hanwha Investment & Securities announced that it has signed a memorandum of understanding (MOU) with Digital Asset Holdings LLC, a global blockchain infrastructure company specializing in financial services.

Headquartered in New York, Digital Asset operates the "Canton Network," a blockchain adopted by major global financial institutions such as Goldman Sachs, The Depository Trust & Clearing Corporation (DTCC), Euroclear, Hong Kong Exchanges and Clearing (HKEX), and HSBC.

The "Canton Network" is the only open blockchain specialized for finance, characterized by its interoperability, which enables the free movement of assets and collaboration among financial institutions.

The two companies plan to seek collaboration opportunities across various financial sectors and build a strategic partnership to respond to the ongoing digital transformation in the global financial market.

In particular, Hanwha Investment & Securities aims to strengthen its competitiveness in the digital asset and next-generation financial services sectors by participating in the "Canton Network" and securing the foundation to cooperate with major global financial institutions on the same infrastructure.

Yuval Rooz, CEO of Digital Asset, stated, "Korea, with its robust digital innovation ecosystem, is a very important market for the expansion of the Canton Network. Hanwha Investment & Securities is a forward-looking partner that will accelerate this transformation."

Jang Byungho, CEO of Hanwha Investment & Securities, said, "'Canton Network' is a next-generation financial infrastructure 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."

This content was produced with the assistance of AI translation services.