Hanwha Group Becomes Largest Shareholder of Securitize

Odaily Planet Daily News: Hanwha Group has become the largest shareholder of the U.S. RWA project Securitize, holding a total of 15,689,500 shares, representing a 9.6% stake, surpassing Blockchain Capital's 6.0% and co-founder Carlos Domingo's 5.4%. Hanwha Group currently holds 5.9%, 3.1%, and approximately 0.6% of the company's shares through its private equity fund, Hanwha Systems subsidiary H-Foundation, and Hanwha Investment & Securities, respectively. Hanwha Investment & Securities has invested a total of 580 billion KRW this year in projects including the blockchain data platform Xangle, Web3 infrastructure company Kresus, and Digital Asset, the operator of the institutional-grade blockchain network Canton Network. Additionally, it made an additional investment of 597.8 billion KRW in Dunamu, the parent company of the South Korean cryptocurrency exchange Upbit, increasing its stake to 9.84%.