Hana Securities launches public offering of investment contract securities backed by Korean pork… with an eye on expanding into tokenized securities

Hana Securities said on the 29th that it will launch a public offering of investment contract securities backed by domestically produced pork (Handon) as the underlying asset and will also review the potential to expand into tokenized securities (STO) going forward. The strategy is to validate real-asset-based investment contract securities within the regulated market first and then link them to digital securities.

Hana Securities, together with DataGen, is pursuing a public offering of “Livestock Investment Contract Securities No. 1.” The product is a real-asset-based investment contract security that structures the entire process of purchasing, raising, shipping and selling Handon as a single joint business. Investors acquire shared ownership interests in the underlying asset in proportion to their holdings and receive profit and loss allocations.

The total offering amount is 216.24 million won, and the offering price per unit is 20,000 won. The offering size is 10,812 units, and subscriptions will be accepted through the “Pindon” website through Feb. 11, limited to investors who hold a Hana Securities account.

For this project, Hana Securities advised on the overall issuance process for about 1 year and 6 months, from designing the product structure to the public offering, subscription and fund management. In particular, it said it meticulously designed the profit distribution structure and investor protection mechanisms, implementing Handon as a real asset in the form of investment contract securities accessible to retail investors.

Through this offering, the two companies plan to verify the entire process of offering, operating and settling Handon investment contract securities within the regulated market, and then sequentially issue products with the same structure to make the public offering a regular program. At the same time, they will also review the possibility of converting the investment contract securities structure into digital securities.

Cho Dae-heon, head of Hana Securities’ AI Digital Strategy Division, said, “This Handon investment contract security is the first case in which we provided issuance advisory services and proceeded through to a public offering,” adding, “It is the result of preparing for the tokenized securities market from a mid- to long-term perspective.” He also said, “Going forward, we plan to expand issuance advisory services for investment contract securities targeting venture and small and medium-sized enterprises, and broaden our business scope to include the issuance of tokenized securities products as well.”