Hanwha Investment & Securities said on the 29th that it completed a 10 billion won strategic investment in Xangle, a Blockchain-based digital asset data platform.
Xangle is a data platform operated by CrossAngle that provides digital asset prices, research, and on-chain data by leveraging Blockchain-based data infrastructure and a global research network.
Hanwha Investment & Securities signed a memorandum of understanding (MOU) with Xangle on the 21st at the World Economic Forum (Davos Forum), and with this investment plans to make the partnership between the two companies more concrete.
The two companies plan to strengthen cooperation on digital asset data and research, while actively advancing the provision of investment information and expanding global business infrastructure.
Lee Hyeon-woo, Xangle co-CEO, said, "Digital assets have moved past the introduction stage and are entering the institutional sphere and becoming institutionalized," adding, "Collaboration with Hanwha Investment & Securities, which is leading global digital asset expansion, will be a very important industry milestone."
Son Jong-min, executive vice president of the future strategy office at Hanwha Investment & Securities, said, "We will strengthen our information competitiveness by combining Hanwha Investment & Securities' digital asset capabilities with Xangle's on-chain data and research capabilities," and added, "We will further strengthen strategic cooperation to expand the global Web3 (next-generation decentralized internet) ecosystem."