Hanwha deepens ties with Abu Dhabi in digital finance

Hanwha Group is intensifying its collaboration with Abu Dhabi in the realms of digital finance, stablecoins, and cross-border payments as part of its strategy to establish a stronger presence in the Middle East's financial hub. Hanwha Life Insurance, Hanwha General Insurance, Hanwha Asset Management, and Hanwha Investment & Securities have all inked individual agreements with the Abu Dhabi Investment Office (ADIO) and Abu Dhabi Global Market (ADGM), focusing on digital finance and financial infrastructure.

Hanwha Life Insurance has entered into a partnership with ADIO, aiming to jointly develop digital financial services. This move is designed to enhance cooperation between the Korean and Abu Dhabi financial markets, while simultaneously exploring opportunities in digital banking. On the other hand, Hanwha Asset Management has signed a tripartite agreement with ADGM and Hana Financial Group.

This partnership is centered around stablecoins and financial infrastructure, with the primary objective of creating cross-border payment and remittance solutions that bridge the gap between Korea and Abu Dhabi.

Moreover, all four financial affiliates of Hanwha Group have also signed an agreement with ADGM. This partnership is set to take place during Abu Dhabi Finance Week 2026. The agreement stems from previous discussions at last year's event, signaling Hanwha's commitment to further fortify its ties with Abu Dhabi in the financial sector.