Hanwha Investment & Securities has completed a strategic investment of approximately KRW 30 billion in Digital Asset Holdings LLC, a New York-based blockchain infrastructure company.
Hanwha announced the investment on July 16. It follows a memorandum of understanding signed by the companies in April to cooperate as global financial markets undergo digital transformation. Hanwha said the investment further strengthens that partnership.
Digital Asset operates the Canton Network, which Hanwha describes as a permissionless blockchain designed for financial institutions. The release names Goldman Sachs and DTCC among the major global financial institutions that have adopted the network.
Hanwha said it plans to participate in the Canton Network ecosystem and establish practical cooperation with global financial institutions. The company expects this work to strengthen its competitiveness in digital assets and next-generation financial services.
Hanwha executive Son Jong-min said Digital Asset’s Canton Network infrastructure and technology would play a key role in advancing the securities firm’s digital asset platform. He said Hanwha would continue working with leading technology companies as it seeks to become a securities firm specializing in digital assets.
Hanwha said the investment follows its previous investments in digital asset data platform Xangle, Web3 infrastructure company Kresus and real-world asset tokenization company Securitize. The company said it is building a global digital finance ecosystem spanning data and infrastructure.
