Hanwha Aims for Tokenized Securities Platform on Avalanche Amidst South Korean Regulatory Shift

Hanwha Investment & Securities is developing a blockchain-based securities platform on Avalanche, called the Digital Asset Platform (DAP), set to launch in the first half of 2027. This comes as South Korea's Financial Services Commission announced a phased roadmap for tokenized securities, with Phase 1 commencing February 4, 2027.

The new rules will fold tokenized securities into two existing frameworks: the Electronic Securities Act and the Capital Markets Act. Hanwha plans to launch DAP by targeting overseas markets with more permissive frameworks before the domestic Korean rules take full effect.

Boston Consulting Group estimates South Korea's tokenized securities market could reach roughly 367 trillion won, equivalent to approximately $250 billion, by 2030.