Hanwha Investment & Securities has reportedly completed a tokenized securities platform that supports Avalanche and Hyperledger Besu, according to Seoul Economic Daily. The South Korean brokerage began development in 2025 with blockchain technology firm FairSquare Lab, building a system capable of operating across multiple distributed ledgers.
The platform arrives ahead of South Korea's amendments to the Electronic Securities Act and Capital Markets Act, which take effect on Feb. 4, 2027. Those changes will legally recognize distributed ledgers as securities registers and bring tokenized securities into the existing capital markets system. The Financial Services Commission has outlined a three-stage roadmap, starting with tokenization of privately placed money market funds, bonds, unlisted stocks through a trust wrapper, and fractional investment securities. Later stages would expand tokenization to all publicly offered securities and build onchain payment rails using stablecoins.
The Korea Securities Depository is preparing infrastructure that can connect with Avalanche, Hyperledger Besu and Hyperledger Fabric, with participation limited to approved institutions. A KSD official said demand from financial companies influenced the inclusion of Avalanche. Hanwha's system extends enterprise blockchain options to Avalanche, where institutions can establish dedicated networks with controls over participation and validators.
Hanwha has also deepened its tokenization footprint through a combined 9.6% stake in Securitize, making it the largest shareholder, and a 30 billion Korean won ($22.3 million) investment in Digital Asset, operator of the Canton Network. The group has increased its position in Dunamu, operator of Upbit, by investing another 597.8 billion won and raising its ownership stake to 9.84%. In Japan, Avalanche has already been used for regulated tokenized securities infrastructure: Progmat migrated its platform to a dedicated Avalanche Layer 1 in July, covering more than 452 billion yen in underlying assets.
For retail investors, the FSC has proposed capping individual subscriptions to non-monetary trust beneficiary certificates at the lower of 30 million won or 5% of total issuance, and annual net purchases on each OTC exchange at 100 million won.
