PANews February 23 News, according to The Block, Hanwha Asset Management has established a strategic partnership with Jito Foundation to develop infrastructure for liquid staking exchange-traded products (ETPs) in South Korea.
The agreement announced on Monday focuses on technical and regulatory preparations to support a regulated financial product linked to JitoSOL, a liquid staking token on the Solana blockchain. Hanwha Asset Management Vice President Choi Young-jin stated that JitoSOL is an asset capable of providing both high yields and liquidity, making it an attractive alternative asset for retirement pension investors seeking portfolio diversification.
The partnership aims to integrate JitoSOL into the ETP structure, validate regulated custody solutions, establish risk management frameworks, and coordinate compliance with local regulators. The core task is to incorporate JitoSOL’s dual yield mechanism (combining standard staking rewards with maximum extractable value MEV rewards) into financial products suitable for the Korean market.
By mid-2025, Hanwha Asset Management manages approximately 6.4 trillion Korean won, about $44.4 billion USD. This collaboration marks a move by financial institutions to lay the groundwork for legislation promoting digital asset products and services in South Korea. The upcoming Digital Asset Basic Act is expected to establish a clearer regulatory framework, including allowing domestic institutions to launch cryptocurrency ETPs. Currently, due to disputes over the qualification of stablecoin issuers, the bill’s progress has exceeded the original 2025 deadline, but major Korean institutions have begun building the technical and institutional infrastructure for digital asset products in anticipation of related legislation.
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