#HanwhaGroup

Korea’s Hanwha is largest investor in listed tokenization firm Securitize

SEC filings reveal that South Korea’s Hanwha Group is the largest shareholder in Securitize, holding a 9.7% stake in the tokenization firm. Securitize, which recently went public on the New York Stock Exchange via a SPAC merger, is widely recognized for powering BlackRock’s BUIDL tokenized money market fund. The company achieved a $1.25 billion pre-money valuation during its $400 million capital raise, though its current market capitalization has adjusted to $1.06 billion following the listing. Other significant institutional backers include Blockchain Capital at 6.1%, CEO Carlos Domingo at 5.4%, and Morgan Stanley at 5%. This disclosure highlights the growing institutional appetite for tokenization infrastructure, as Hanwha continues to expand its digital asset portfolio beyond its previous investments in ADDX and Digital Asset. With existing shareholders currently under a lock-up period, Hanwha is expected to evaluate its position once shares become eligible for sale later this year. The firm's strategic involvement underscores the deepening integration between traditional Korean conglomerates and the global blockchain-based financial ecosystem.

ledgerinsights.com·1d ago