Hanwha Investment & Securities has completed development of a tokenized securities platform that supports Avalanche and Hyperledger Besu, positioning the brokerage ahead of South Korea’s planned rollout of blockchain-based securities infrastructure in February 2027.
As per a Seoul Economic Daily report, the platform, developed with blockchain technology firm FairSquare Lab, was designed to operate across multiple distributed ledger networks rather than relying on a single blockchain. The development comes as South Korea prepares changes to its Electronic Securities Act and Capital Markets Act that will recognize distributed ledgers as securities registers.
Multi-chain platform
Hanwha began developing the platform in 2025 and has since completed the system, according to blockchain industry sources cited by Seoul Economic Daily. While several South Korean financial firms have previously adopted enterprise blockchain platforms such as Hyperledger Besu for tokenized securities, Hanwha’s system also incorporates Avalanche.
Avalanche allows institutions to create dedicated networks with controls over participants and validators, making it suitable for financial applications that require restricted access. The multi-network approach could give Hanwha flexibility as South Korea’s tokenized securities market takes shape. Under the upcoming framework, securities firms will be able to digitize eligible financial instruments while keeping them subject to the country’s existing capital markets rules.
Korea securities depository backs Avalanche
Hanwha is not the only institution preparing infrastructure that can work with Avalanche. The Korea Securities Depository is developing a tokenized securities platform capable of connecting with Avalanche, Hyperledger Besu and Hyperledger Fabric. The depository will participate directly in connected distributed ledgers to oversee issuance volumes and electronic registration information.
Seoul Economic Daily reported that financial companies requested Avalanche support through industry consultations and existing tokenization projects. The demand from market participants influenced the KSD’s decision to include the network.
The depository can also support other distributed ledger technologies if companies seek to connect them after prior consultation.
South Korea eyes February 2027 launch
The infrastructure buildout comes ahead of South Korea’s new tokenized securities framework, which is scheduled to take effect on February 4, 2027.
The amended laws will recognize distributed ledgers as securities registers, allowing blockchain technology to be integrated into the country’s existing capital markets system.
The Financial Services Commission recently outlined a three-stage rollout plan. The first phase is expected to cover selected instruments, including certain funds, bonds, unlisted shares and fractional investment securities.
South Korea has also been preparing blockchain-based infrastructure for government securities. In July 2026, the government announced plans to pilot tokenized government bonds with the Bank of Korea’s wholesale CBDC infrastructure in 2027.
The pilot is expected to examine connections between the BOK’s CBDC network and external blockchain networks, supporting Seoul’s broader effort to integrate blockchain into regulated financial markets.
The second phase could expand tokenization to all publicly offered securities, depending on the results of the initial rollout and market readiness.
In the longer term, regulators also plan to explore blockchain-based payment infrastructure linked to stablecoins, potentially bringing securities settlement onto blockchain networks.
Technical tests for securities firms
Securities companies looking to connect their distributed ledgers with the Korea Securities Depository will need to meet technical and operational requirements.
The guidelines require firms to demonstrate stable issuance and circulation systems, along with measures to handle system errors and other disruptions.
Existing financial investment companies will not need a separate license solely to handle tokenized securities if those activities fall within their current business permissions. However, companies seeking to intermediate certain over-the-counter tokenized securities transactions will need to consult regulators in advance.
The approach reflects South Korea’s broader strategy of introducing blockchain infrastructure gradually rather than transferring the country’s entire electronic securities market onto distributed ledgers at once.
Hanwha’s tokenization push
The Avalanche platform adds to Hanwha’s growing investments across the tokenization sector.
Hanwha-affiliated entities have built a significant position in Securitize, a tokenization platform used by financial institutions including BlackRock, Apollo, BNY, KKR and VanEck.
In April 2026, Hanwha Investment & Securities said it planned to launch a Digital Asset Platform in the first half of 2027, initially targeting tokenized real estate and intellectual property.
The brokerage has also invested in Digital Asset, the operator of the institutional-focused Canton Network, along with other blockchain companies. Hanwha has continued expanding its presence in South Korea’s digital asset sector, including increasing its stake in Dunamu, the operator of Upbit.
With the new regulatory framework less than a year away, Hanwha and the KSD are building the infrastructure needed to connect blockchain-based securities with South Korea’s existing financial system. The next stage will depend on regulatory implementation, technical testing and the rollout of the first tokenized assets.
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