South Korea · The Block
South Korea’s Hanwha builds tokenized securities service on Avalanche as local regulation takes shape: report
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Hanwha Investment & Securities, a major brokerage in South Korea, has reportedly developed a tokenized securities platform on Avalanche (AVAX).
Key facts
- Separately in July, the group's investment and securities firm unveiled a 30 billion Korean won ($22.3 million) investment in Canton Network operator Digital Asset
- Hanwha's reported move lands months before South Korea's amendments take effect on Feb
- According to a Sunday report from Seoul Economic Daily, Hanwha started building the platform in 2025 with blockchain technology firm FairSquare Lab
- Hanwha Investment & Securities, a major brokerage in South Korea, has reportedly developed a tokenized securities platform on Avalanche (AVAX)
Summary
According to a Sunday report from Seoul Economic Daily, Hanwha started building the platform in 2025 with blockchain technology firm FairSquare Lab. Hanwha's reported move lands months before South Korea's amendments take effect on Feb. 4, 2027, legally recognizing distributed ledgers as securities registers and folding security tokens into the existing capital markets system. Meanwhile, the Financial Services Commission, South Korea's top financial regulator, announced a three-stage implementation roadmap for the incoming securities token amendments. With the laws going into effect in February, the FSC will allow the tokenization of privately placed money market funds, bonds, unlisted stocks via a trust wrapper, as well as fractional investment securities.