DB Securities Emphasizes the Need for Practical Blockchain Commercialization

DB Securities' Chief Financial Officer (CFO) Jang Hyun-il stated on the 29th at the 'Ethereum Korea One' event held at Seongsu Seoul Forest Informal Square that blockchain technology must move beyond simple demonstrations or proof of concepts (PoC) to become actual financial businesses. He emphasized that traditional financial institutions and blockchain developers should combine their respective strengths, explaining that finance involves capital and trust, while developers focus on possibilities and execution. CFO Jang mentioned that the combination of blockchain and traditional finance could reduce costs and time in asset issuance, management, and settlement processes, but warned that technology alone does not complete financial services. He pointed out various issues that arise when investors entrust their funds, stating that these questions are not meant to delay innovation but are intended to ensure that technology remains relevant in the market. DB Securities proposed a method of repeating verifiable small-scale demonstrations rather than demanding completed results from collaboration with developers, emphasizing long-term partnerships. He added that providing responsible services in the Korean digital asset market is crucial and expressed DB Securities' commitment to becoming an infrastructure partner that connects builders and finance.

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