Hanwha Life completed the acquisition of a 75% stake in Velocity Clearing.

Hanwha Life, a South Korean life insurance company, completed the acquisition of a 75% stake in Velocity Clearing, a US-based global financial technology firm and self-clearing broker. Financial terms were not disclosed. “With Hanwha Life’s global vision and support, we expect to accelerate our growth and unlock new opportunities together for our clients. We’re excited about the powerful synergies ahead,” Michael Logan, Velocity Clearing CEO.