Hanwha Investment & Securities said on Thursday it completed a strategic investment worth 10 billion won in Xangle, a blockchain-based digital asset data platform.
Xangle provides digital asset prices, research and on-chain data using blockchain-based data infrastructure and a global research network. It also serves to connect financial institutions at home and abroad with the web3 ecosystem, a next-generation internet based on decentralisation.
Hanwha Investment & Securities signed a memorandum of understanding with Xangle at the World Economic Forum (WEF, Davos Forum) on Jan. 21. It said the investment is intended to make the cooperation between the two companies more concrete.
Jong-min Son (손종민), managing director of Hanwha Investment & Securities' Future Strategy Division, said it would strengthen its information competitiveness by combining the company's digital asset capabilities with Xangle's on-chain data and research capabilities. He said it would strengthen strategic cooperation to expand the global web3 ecosystem.
Sang-yeop Oh
yub@d-today.co.kr