Shinhan Asset Management said on September 14 that it had been approved as a Super Validator on the Canton Network. The Canton Foundation confirmed it the next day, under a proposal that caps the firm’s reward weight at 10 and ties that weight to milestones which have not been published. Shinhan has said it will not start official activity until South Korea’s tokenised-securities rules are in force. Those rules take effect on February 4, 2027.
Super Validators jointly operate the Global Synchronizer, the shared layer of the Canton Network that orders messages between institutions and collects confirmations from the validators of the parties involved. Canton’s documentation says that layer does not see the contents of the transactions. Regular validators connect to it. They do not run it.
Super Validators carry votes and rewards
Changes to network rules go through Canton Improvement Proposals, and approval requires a two-thirds majority of Super Validators. A separately configured reward weight determines each Super Validator’s share of the rewards. It does not decide the vote.
Canton’s answer to public-chain transparency
Canton limits each participant’s view to the parts of a transaction that involve it, a design called sub-transaction privacy. DTCC said in May that its tokenization service for DTC-custodied assets would begin limited production trades in July, with a full launch planned for October, and that it would test whether those assets can interoperate across many chains.
Shinhan will run proof-of-concept work until Korea sets its rules
Shinhan Asset Management said it will focus on proof-of-concept work for its own tokenization technology and services until South Korea implements laws, subordinate rules, and regulatory guidelines for tokenized securities, and that it plans to begin official activity in stages within the permitted scope thereafter. The Financial Services Commission’s three-stage plan starts with private money market funds and private corporate bonds for institutional investors, with onchain settlement using stablecoins planned for the third stage.
Shinhan Financial Group signed an agreement with the Canton Foundation in June to participate in network governance, and Shinhan Asset Management CEO Lee Seok-won said the partnership could let the firm introduce its financial products to global investors while complying with domestic regulations. Shinhan Securities and Shinhan Venture Investment invested in Digital Asset in July. On September 29, group executives met Digital Asset’s CEO and the Foundation’s president to discuss linking the group’s bank payment and settlement infrastructure with tokenized asset distribution.
Shinhan Financial Group plans to consider participation in the Canton Network by affiliates, including Shinhan Securities and Shinhan Fund Partners, with Shinhan Asset Management taking the lead.
Other Korean firms use Canton
Hanwha Investment & Securities invested $20 million in Digital Asset’s main round this July. KB Securities signed its own agreement with the Canton Foundation but has not invested in Digital Asset.
Author: Ayanfe Fakunle
The editorial team at #DisruptionBanking has taken all precautions to ensure that no persons or organizations have been adversely affected or offered any sort of financial advice in this article. This article is most definitely not financial advice.
See Also:
HSBC Announces Successful Tokenised Deposit Pilot on the Canton Network | Disruption Banking
How the Canton Network is Disrupting Capital Markets at Point Zero Forum | Disruption Banking
