The original L1s assumed a homogeneous world.
Different countries, different laws, different institutional requirements have shown that to be difficult.
Privacy and control as first principles is what's enabled Canton to work within that reality.
@YuvalRooz at @KBWOfficial.
Korea Market Monthly: May 2026
Institutional capital continues to pour into Korea’s digital asset sector at an unprecedented pace.
🔷Hanwha Investment & Securities increased its stake in Dunamu (@Official_Upbit operator) to 9.84% through a $369M share acquisition from Kakao Investment, becoming the company’s third-largest shareholder. The move is part of Hanwha’s strategy to become a “Global No.1 RWA Hub” with synergies in custody, settlement, and institutional digital asset services.
🔷Hana Bank made one of the largest institutional crypto investments in Korean history, acquiring a significant stake in Dunamu worth approximately $670M (228 million shares). As the new fourth-largest shareholder, Hana has also signed a cooperation agreement with Dunamu to jointly build infrastructure for a KRW-denominated stablecoin ecosystem.
🔷Samsung Securities acquired a 2% stake in Dunamu for ~$204M at a $10.2B company valuation. This brings three of Korea’s largest financial institutions (Hanwha, Hana, and Samsung) into Dunamu within the same month, highlighting strong TradFi conviction in the country’s leading crypto infrastructure.
🔷@Tether filed 7 additional trademarks in South Korea, bringing its total to 15. The filings cover stablecoin issuance, payments infrastructure, and digital asset custody, signaling serious preparation for deeper expansion as Korea develops its own won stablecoin regulatory framework.
🔷Korea Investment & Securities is in advanced talks with global exchange @okx to jointly acquire stakes in @CoinoneOfficial, one of Korea’s licensed domestic crypto exchanges. The partnership follows the familiar Korean model of combining domestic regulatory strength with global liquidity and technology.
🔷KBW2026 announced its second wave of speakers, strengthening the lineup across stablecoins, exchanges, institutional finance, digital asset infrastructure, and emerging technologies.
Read the Full Article from KBW⬇️
KBW2026 HYPERLIQUID & THE NETWORK STATE: Jeff Yan & Balaji Srinivasan
Two founders reshaping how digital asset markets and economies work, @chameleon_jeff (@HyperliquidX | founder) and @balajis (@NS | author), are speaking at KBW2026.
Early Bird tickets available now ⬇️