South Korean Brokerage Hanwha Reportedly Builds Tokenized Securities Platform on Avalanche

Hanwha Investment & Securities has reportedly built a multi-network tokenized securities platform designed to operate on Avalanche and Hyperledger Besu. Local media indicates development began in 2025 alongside FairSquare Lab, though Hanwha has not officially confirmed the platform's completion. The development positions the brokerage ahead of South Korea's Feb 4, 2027 legislative amendments, which will legally recognize distributed ledgers as official securities registers. The Financial Services Commission outlined a three-stage rollout, initially allowing the tokenization of privately placed money market funds, bonds, and unlisted stocks this February. Regulators ultimately seek to open tokenization to all publicly offered securities and build onchain payment rails to settle tokenized assets using stablecoins. The Hanwha Group previously built a 9.6% stake in Securitize to become its largest shareholder, and recently invested $22.3M into Canton Network operator Digital Asset.