According to CoinMeta, Hanwha Group of South Korea, valued at $200 billion, has established a tokenized securities platform on Avalanche. This financial giant developed the platform before the launch of blockchain records as a legal securities registry in that country in February 2027. Hanwha Group is also the largest shareholder of Securitize, the company responsible for Blackstone's tokenized funds. South Korea's largest institutions did not wait for the rules to be introduced and have already begun construction.