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.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Ripple RLUSD Gains Wanchain Bridge Support Across XRPL, Ethereum, and Cardano
Gate News message, April 24 — Ripple's RLUSD stablecoin has expanded its cross-chain reach after Wanchain added bridge support for the asset. The integration enables RLUSD transfers across the XRP Ledger, Ethereum, Cardano, and Wanchain networks, creating multiple interoperability routes for users m
GateNews31m ago
DogPay and DeCard Launch Stablecoin-Backed Physical Payment Card
Gate News message, April 24 — DogPay announced a strategic partnership with DeCard to launch a physical payment card that enables users to spend stablecoin balances at merchants globally.
The card combines DeCard's regulated card issuance and settlement infrastructure with DogPay's modular
GateNews31m ago
Hong Kong Signals Web3 Push as $2B Tokenized Bonds Boost Efficiency
Hong Kong is embedding digital assets deeper into mainstream finance, with tokenization and stablecoins gaining stronger regulatory backing as market infrastructure. The push signals a broader effort to expand regulated blockchain use cases and attract global firms to the city.
Key Takeaways:
Hon
Coinpedia1h ago
Frax Joins DeFi United Support Action for Aave, to Propose Governance Plan for rsETH Incident
Gate News message, April 24 — Frax Finance announced on X that as an Aave V4 partner, it is in direct communication with Aave to address the rsETH incident. While Frax has no direct risk exposure, it
GateNews2h ago
Fold Launches Bitcoin Rewards Program for Employees, Steak 'n Shake First Partner
Gate News message, April 24 — Fold, a Bitcoin financial services company, has launched a Bitcoin Rewards Program that allows enterprises to distribute periodic bonuses to employees in Bitcoin. Steak 'n Shake became the first partner, with over 10,000
GateNews2h ago
Robinhood Receives In-Principle Approval from Singapore's Monetary Authority
Gate News message, April 24 — Robinhood Markets, a US-based online brokerage headquartered in Menlo Park, California, has received in-principle approval from Singapore's Monetary Authority (MAS) to offer securities and exchange-traded derivatives trading in the city-state.
The approval also
GateNews2h ago
