Hanwha Asset Management has entered a strategic partnership with the Jito Foundation to develop liquidity staking exchange-traded products (ETPs) in South Korea, focusing on the integration of JitoSOL, a liquid staking token on the Solana blockchain. This agreement, announced on Monday, aims to lay the technical and regulatory groundwork necessary for launching these financial products, which are seen as attractive alternatives for retirement investors looking to diversify their portfolios. This partnership aligns with South Korea’s ongoing efforts to establish a more defined regulatory framework for digital assets through the Digital Asset Basic Act, which is currently under development but has faced delays due to disputes over stablecoin issuer eligibility.
Hanwha Asset Management partners with Jito Foundation for liquidity staking ETPs
