Catenaa, Wednesday, September 09, 2026- South Korea’s Hanwha Investment & Securities has developed a tokenized securities platform supporting Avalanche as the country prepares to legally recognize blockchain-based securities from Feb. 4, 2027.
Seoul Economic Daily reported Sunday that Hanwha began developing the platform in 2025 with blockchain technology company FairSquare Lab.
The system was designed to operate across multiple blockchain networks, including Avalanche and enterprise blockchain Hyperledger Besu, according to the report.
Hanwha’s move comes ahead of amendments to South Korea’s securities laws that take effect Feb. 4, 2027.
The changes will allow distributed ledgers to serve as legally recognized securities registers. Tokenized securities will therefore be treated within the existing capital markets framework rather than as a separate asset class.
That will give regulated financial firms a legal basis to issue and manage securities whose ownership records are maintained using blockchain technology.
South Korea’s Financial Services Commission also announced a three-stage roadmap for implementing the new framework.
Under the FSC’s first stage, privately placed money market funds and bonds will become eligible for tokenization.
The first phase will also cover unlisted shares issued through trust structures and fractional investment securities.
The FSC said the second stage could extend tokenization to all publicly offered securities if the initial rollout succeeds.
Its final stage would seek to establish onchain payment infrastructure capable of settling tokenized securities using stablecoins.
The Korea Securities Depository is also preparing infrastructure capable of connecting with several distributed ledger systems, Seoul Economic Daily reported.
Its planned architecture includes Avalanche, Hyperledger Besu and Hyperledger Fabric.
Hanwha has been expanding its exposure to blockchain infrastructure and asset tokenization beyond the new securities platform.
Hanwha Group affiliates have built a 9.6% stake in tokenization company Securitize, making the group its largest shareholder.
Hanwha Investment & Securities also announced a 30 billion won, or about $22.3 million, investment in Digital Asset in July.
Digital Asset operates the Canton Network, an institutional blockchain used for tokenized assets and regulated financial infrastructure.
South Korea approved the tokenized securities amendments in January 2026 after years of regulatory work on blockchain-based investment products.
The legal change does not create a separate category of securities. Instead, it permits conventional securities to use distributed ledgers as an official record of ownership and issuance.
The FSC’s staged rollout will determine which asset classes can be tokenized first and how broadly the system expands after launch.
Hanwha’s platform positions the brokerage to operate within that framework when the amendments take effect in February 2027.
