Hanwha Group amassed a 9.6% stake in RWA tokenization platform Securitize, surpassing Blockchain Capital and CEO Carlos Domingo. The stake spans multiple entities as Securitize's assets top $4.8 billion.
Hanwha Group, the South Korean conglomerate, became the largest shareholder in real-world asset tokenization platform Securitize after accumulating a 9.6% stake, according to an SEC filing following the company's public listing.
The filing shows Hanwha collectively owns 15,689,509 shares. That position surpasses Blockchain Capital, which holds about 6%, and Securitize co-founder and CEO Carlos Domingo, who owns roughly 5.4%. The stake is spread across multiple Hanwha entities: its private equity fund holds about 5.9%, Hanwha Systems through H Foundation controls 3.1%, and Hanwha Investment & Securities owns another 0.6%.
Securitize listed on the NYSE this month and tokenized its SECZ stock. The platform has become the largest tokenization firm globally by assets under management, with distributed asset value recently reaching around $4.82 billion, according to data from rwa.xyz. It supports 24 tokenized real-world assets with more than 1,850 holders and has recorded over $945 million in monthly transfer volume.
In early 2024 the entire RWA market stood at $1.7 billion, and Securitize had just $100 million in assets. Then BlackRock launched its USD Institutional Digital Liquidity Fund (BUIDL) on the platform, and the market took off. Domingo said in a tweet the company crossed $1 billion in less than six months after BUIDL went live. The platform now also hosts Apollo's Diversified Credit Fund, Hamilton Lane funds, and KKR's tokenized offerings.
Hanwha's broader blockchain push
Hanwha Investment & Securities has committed hundreds of millions of dollars to digital asset businesses. The firm previously invested in blockchain intelligence platform Xangle, Web3 wallet provider Kresus, and enterprise blockchain firm Digital Asset, which runs the Canton Network. It recently increased its ownership in Dunamu, operator of South Korea's largest crypto exchange Upbit, to 9.84%. The group is also building its own tokenization platform for private-market and real estate assets, according to public statements.
Other early Securitize investors include BlackRock, Morgan Stanley Tactical Value, Tradeweb Markets, and Mitsubishi UFJ Financial Group. MUFG, which holds an Alpha Score of 57 on AlphaScala's scale, reflects moderate market positioning for a traditional bank deepening its digital asset exposure. KKR, another partner with tokenized funds on Securitize, carries an Alpha Score of 50, indicating mixed sentiment.
The Hanwha stake signals that large industrial conglomerates are treating tokenization infrastructure as a strategic bet, not a passive allocation. Securitize's NYSE listing and the growing roster of institutional products give the platform a first-mover advantage in a market that has grown from $1.7 billion to over $5 billion in 18 months. The next catalyst will be whether other institutional investors follow Hanwha's lead or whether the concentration of ownership becomes a governance concern for the platform's independent operations.
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