According to SEC filings, Hanwha Group has become the largest shareholder in tokenization firm Securitize after its combined stake across affiliates and investment vehicles reached 9.6%. Entities linked to Hanwha Group collectively own 15.69 million shares of Securitize, placing the South Korean conglomerate ahead of Blockchain Capital, which owns about 6.0%, and Securitize co-founder and CEO Carlos Domingo, whose stake stands at 5.4%. The ownership is spread across multiple Hanwha entities rather than being held by a single company.
The stake is distributed across several Hanwha entities, with Hanwha Asset Management managing a private equity fund that owns 5.9% of Securitize, H Foundation (a subsidiary of Hanwha Systems) holding 3.1%, and Hanwha Investment & Securities owning roughly 0.6%. H Foundation had previously acquired a 5.2% interest in Securitize in 2021 as part of efforts to strengthen security token technology capabilities. Alongside its Securitize position, Hanwha Investment & Securities has expanded investments across blockchain businesses, investing 10 billion won in blockchain research and data platform Xangle, 18 billion won in Web3 infrastructure company Kresus, and 30 billion won in Digital Asset, the company behind the institutional blockchain network Canton Network.
The company has also increased its exposure to South Korea's digital asset market through Dunamu, the parent company of cryptocurrency exchange Upbit. Hanwha Investment & Securities invested an additional 597.8 billion won in Dunamu, lifting its ownership stake to 9.84%. Hanwha first acquired a 6.14% interest in Dunamu through a 58.3 billion won investment in 2021. Taken together, the company's investments in Web3 and digital asset businesses have reached approximately 655.8 billion won this year.
The increased ownership comes as Securitize continues expanding its role in regulated tokenized securities. Earlier this month, Securitize became the first newly public company to tokenize its own common stock on the same day it began trading on the New York Stock Exchange, listing under the ticker SECZ after completing its business combination with Cantor Equity Partners II while simultaneously issuing blockchain-based versions of the same common shares on the Solana and Avalanche networks. The company has also continued building infrastructure for institutional capital markets, announcing a partnership with Cantor to bring blockchain infrastructure directly into initial public offerings and follow-on equity offerings. Securitize supports tokenized products for firms including BlackRock, Apollo, BNY, Hamilton Lane, KKR and VanEck, with the company's platform managing more than $4 billion in on-chain assets while supporting more than 650 tokenized funds.
