Hanwha Investment & Securities Invests KRW 30 Billion... Shinhan, LG CNS Also Partner on Canton
Hanwha Investment & Securities is reported to be investing KRW 30 billion (about USD 21 million) tied to the Canton Network.
LG CNS launched its blockchain infrastructure platform 'KITL' on October 6 and signed an MOU with the Canton Foundation to build infrastructure enabling Korean financial institutions to join the network; KITL is designed to handle digital wallets, transaction processing, fee settlement, and transaction record collection.
Shinhan Asset Management, part of Shinhan Financial Group, has received approval to participate as a Super Validator on the Canton Network, taking on a governance role.