Hanwha Investment & Securities said on Tuesday it published 'Digital Asset Policy Insights', a report summarising key policies and trends related to digital assets.

The report analyses the direction of the digital-asset market, focusing on regulatory changes in major economies including the United States, Europe and South Korea.

It assesses the stalled legislative process for a U.S. digital-asset market structure bill, market changes as Europe nears the end of the transition period for the Markets in Crypto-Assets Regulation, and news that Russia is opening its digital-asset market as it shows recent moves toward regulatory easing.

On the domestic market, it covers news of the passage of legislation on tokenised securities, or Security Token Offerings (STOs), a central topic, and analyses the possibility that regulated finance could accept digital assets through this.

It also forecasts restructuring trends within the regulated system, including bringing tokenised securities under the Capital Markets Act and pursuing a single bill for a Framework Act on Digital Assets. It emphasised that beyond simple price fluctuations, establishing regulation would be a key factor in raising the market’s maturity and credibility.

Park Young-hoon (박영훈), head of the research centre at Hanwha Investment & Securities, said, "Digital assets are evolving into a financial system within a legal and institutional framework." He added, "We will work to help investors experience financial innovation based on digital assets in a more transparent and safe environment."