U.S. blockchain infrastructure company Digital Asset is expanding cooperation with South Korean financial firms including Shinhan Financial Group and Hanwha Investment & Securities. Co-founder and CEO Yuval Rooz called South Korea an interesting market for moving traditional finance onchain. Shinhan has stepped up governance participation and investment tied to the Canton Network, while Hanwha completed a strategic investment after signing an MOU. Digital Asset is also pursuing Canton Network use aligned with Korean regulations.

The European Central Bank and EU central banks have called for changing stablecoin reserve rules by replacing minimum bank-deposit requirements with liquidity-based standards. In a response submitted during a review of the EU’s Markets in Crypto-Assets regulation, the Eurosystem said large stablecoin deposits could increase banks’ liquidity risks. It proposed minimum liquidity requirements based on assets cashable within 1 and 5 business days and cited alternatives such as overnight repo and short-term government bills.