Korea’s Hanwha Investment & Securities plans to build a digital asset platform, joining several competitors who have already launched similar initiatives ahead of expected legislation to support tokenized securities.
While Hanwha ranks only in the top 15 among Korean securities firms, it’s entering a space where larger players like Korea Investment & Securities, Mirae Asset Securities and Nonghyup have been working on solutions for a couple of years.
Hanwha is planning to launch its own blockchain. Domestic brokerages have tended to focus on web3 or public blockchains, rather than permissioned chains. Hanwha appears to share that public blockchain affinity by mentioning web3 and ‘mainnet’.
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