Digital Asset co-founder and CEO Yuval Rooz says North Korean-linked hacking groups have intensified fears on Wall Street, pushing institutions to seek blockchain solutions with built-in protections.
Rooz highlighted the Canton network’s 'guardrail' design as a solution to infiltration, a feature that remains a point of contention for crypto purists who argue it compromises decentralization.
Canton allows participants to implement guardrails for subnets they create or digital assets they issue, making it difficult for state-sponsored bad actors to engage with their systems-a critical fiduciary duty for traditional financial firms.
Rooz defended Arbitrum’s 12-member security council decision to freeze $71 million in funds linked to the Kelp DAO hack, stating, 'Nobody should say that that’s a bad thing.' He acknowledged that while Canton can mirror unrestricted networks like Ethereum and Solana, safety parameters are likely to become the standard for consumer-facing applications.
For stablecoin issuers like Tether and Circle, Rooz noted the dynamic is already evolving, with Tether freezing funds tied to illicit activity and Circle requiring court orders for similar actions.