The Key Conditions for Blockchain Adoption in Finance Are Trust, Control and Privacy [Tokenomy Korea 2026]

[Financial News] Discussions on the use of blockchain and virtual assets in the financial sector are expanding into payment and settlement infrastructure, as well as identity and privacy management. In this context, Ripple described stablecoins and tokenized deposits as tools for liquidity management at financial institutions, while Dunamu presented public blockchains as a trust infrastructure for financial services.
At the Tokenomy Korea 2026 forum co-hosted by Financial News and DAXA at the Korea Exchange in Yeouido, Seoul, on the 11th, Lee Eun-jin, sales director for Ripple Asia-Pacific (APAC), said, "Stablecoins and tokenized deposits are not in competition; they are complementary tools that solve different problems." Song Won-jun, head of Dunamu Inc.'s Crypto Product Team, said from a technical perspective, "We have built a strategy that adds trust and privacy on top of a public blockchain."
Both Lee and Song emphasized that blockchain use in finance depends on compliance, identity verification, data protection and liquidity management systems.
Ripple first drew a distinction between the roles of tokenized deposits and stablecoins. Lee said tokenized deposits are focused on improving internal efficiency at institutions, while regulated stablecoins can be used for global payments and securing digital liquidity based on reserve backing.
He explained, "Governance capabilities are needed, such as auditable proof of reserves, an audit trail system, and separation between the issuer's operations and asset control."
Dunamu's presentation focused on how to balance the openness of blockchain infrastructure with the financial sector's need for control. Song said traditional financial firms often choose a private blockchain when adopting blockchain, but as the number of participants and services grows, the connection structure becomes more complex and liquidity can remain trapped in a closed network. As a solution, Dunamu designed its Web3 infrastructure, GIWA, on a public blockchain.
Song said, "Through GIWA, an infrastructure that applies DOJANG, an on-chain proof service that adds trust on top of the openness of a public blockchain where anyone can participate, and Bojagi, a selective privacy protocol, we will build a secure on-chain ecosystem."
Although the two companies take different approaches, the common keyword is trust infrastructure. Ripple stressed that tokenized money can only be used by financial institutions if control systems are in place throughout the entire process, from reserves and issuance to custody and settlement. Dunamu argued that if the financial sector is to use public blockchains, it needs identity verification and selective disclosure tools.
Lee said, "Some financial institutions are already reviewing pilots, some are in internal discussions, and others want to watch the market a little longer." He added, "Each institution will have its own position, but I hope today's presentation provides concrete grounds for making a decision." Song said, "For infrastructure to become an ecosystem, there must ultimately be more builders creating new services," and added, "We want to build an ecosystem where users, builders, financial institutions and artificial intelligence (AI) are all connected on a single public infrastructure."
elikim@fnnews.com Kim Mi-hee, Lim Sang-hyuk Reporter