Meritz Securities and Canton Foundation to Study Tokenization of Korean Assets

Meritz Securities and the Canton Foundation plan to examine how South Korean financial assets could be tokenized and whether Canton Network can support institutional capital-market activity, opening a review that also includes cross-border use cases.

Meritz held the signing ceremony at its Seoul headquarters in early October. The parties will consider tokenization within applicable South Korean regulations, assess Canton’s privacy-enabled infrastructure for the domestic capital market and potentially engage other Canton Network participants.

The domestic review combines two questions: how Korean financial assets could be tokenized and how Canton’s infrastructure might serve institutional markets. The agreement describes an assessment, with no announced service or deployment.

The proposed cross-border work has separate areas of focus. One is tokenization of sovereign-grade debt with global institutional partners. The parties will also examine possible collateral uses for tokenized high-quality liquid assets. These are proposed areas of study, not completed transactions.

The MoU identifies no specific security, transaction, product launch or implementation date. Canton Network is an institutional public blockchain developed by Digital Asset with sub-transaction privacy. Its broader ecosystem includes more than 1,000 institutions, and 62 organizations operate as Super Validators.

Byungha Kang, managing director of the Strategic Planning Unit at Meritz Securities, said, “We will take a step-by-step approach to assessing how secure and efficient digital asset infrastructure can be put to use.”

The agreement adds to Canton’s earlier partnerships in South Korea. In a separate tie-up announced June 5, KB Securities, Wavebridge and the Canton Foundation planned to study distributed-ledger infrastructure for Korean capital markets. Their longer-term plans included developing financial products based on Korean assets for global distribution. The Meritz MoU sets no implementation date.