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Hanwha Asset Management is moving to gain an early foothold in digital assets through a partnership with Ripple and U.S. asset manager Canary Capital, Hankyung reported in an exclusive.
Canary Capital CEO Steven McClurg said, “(with Hanwha) We strongly believe tokenization of real-world assets (RWA, Real-World Assets) is the future of the financial system.” McClurg added, “That is why we have had extensive discussions about what tokenization could look like as it develops, and whether it could become the next stage of the global economic and financial system.” He also said Canary Capital launched the first XRP ETF in the U.S. through cooperation with the Ripple Foundation and Ripple, and that the goal is to launch an ETF in South Korea as well.
