Hanwha Investment & Securities has invested about 30 billion won in Digital Asset, a blockchain infrastructure company specialised in global finance.

Hanwha Investment & Securities said on Wednesday it completed a strategic investment of about 30 billion won in Digital Asset Holdings.

Digital Asset, headquartered in New York, operates the Canton Network, an open blockchain specialised for financial services. The Canton Network is an infrastructure adopted by major global financial institutions including Goldman Sachs and the Depository Trust & Clearing Corporation (DTCC).

Hanwha Investment & Securities strengthened its cooperative relationship with Digital Asset through the investment after signing a memorandum of understanding in April. It plans to participate fully in the Canton Network ecosystem and build a foundation for cooperation with global financial institutions in digital assets and next-generation financial services.

It also plans to advance its own digital asset platform by using the Canton Network's infrastructure and technology.

Jong-min Son (손종민), managing director of Hanwha Investment & Securities' Future Strategy Office, said, "The Canton Network's infrastructure and technological capabilities will play a key role in advancing Hanwha Investment & Securities' digital asset platform." He added, "We will continue to work with global technology companies to leap forward as a securities firm specialised in digital assets."