[Digital Today reporter Sangyeop Oh] Hana Securities said on Jan. 29 it will pursue a public offering of “Livestock Investment Contract Securities No. 1” with DataGen, using domestically produced pork as the underlying asset.

The product is an asset-backed investment contract security that structures the entire process from purchase and raising to shipment and sale as a single joint venture. Investors acquire shared ownership interests in the underlying asset and receive profit or loss allocations based on the proportion of securities they hold.

The total offering size is 216,240,000 won. The offering price per unit is 20,000 won, and the number of units is 10,812.

Hana Securities said it supported advisory services and structuring for the overall issuance of the investment contract securities over about 1 year and 6 months, together with DataGen, from product structure design to the offering, subscription and fund management.

It said it refined the profit distribution structure and investor protection mechanisms. It said this implemented investment contract securities based on pork as a tangible asset that retail investors can also participate in.

The two companies said they are also reviewing the possibility of expanding into a digital securities format based on the investment contract securities structure in line with future legislation on token securities (STO).

Daeheon Cho (조대헌), head of the AI Digital Strategy Division at Hana Securities, said, “This pork investment contract security is the first case in which Hana Securities provided issuance advisory services and it led to a public offering.” He added, “It is the result of preparing for the token securities market from a mid- to long-term perspective.”