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
Datavault AI acquires NYIAX for $60 million, strengthening blockchain trading infrastructure
Datavault AI completed its acquisition of NYIAX on March 19, with a total transaction value of approximately $60 million, aiming to strengthen its trading infrastructure for blockchain data and tokenized assets. This acquisition will integrate NYIAX's trading technology to promote the tokenization of both digital and real-world assets. The company also plans to launch multiple marketplace platforms and collaborate with Sports Illustrated to develop a sports-themed exchange.
GateNews21m ago
EtherFi Partners with Plume Network to Provide RWA Yield Channels for Users
On March 19th, Ethereum re-staking protocol EtherFi announced integration with Plume Network to provide tokenized real-world asset yields. The collaboration is implemented through the nBASIS vault and is planned to roll out in two phases, aiming to offer users diversified yield sources and enhance financial services capabilities.
GateNews2h ago
Noos Partners With LinkLayerAI to Power AI Trading in Web3
Noos Protocol and LinkLayerAI have partnered to enhance AI and Web3 integration, focusing on real-time trading and secure AI agent interactions. This collaboration aims to advance decentralized finance and create innovative opportunities for users.
BlockChainReporter2h ago
BlackRock Staked Ethereum Fund Tops $250 Million in Its First Week
BlackRock's iShares Staked Ethereum Trust (ETHB) has amassed $254 million in assets just a week after its launch, with a significant portion coming from new investments. The fund stakes most of its ETH and shares 82% of the rewards with investors, entering a competitive market with existing products from Grayscale and REX-Osprey.
Decrypt3h ago
Tether advances its stablecoin business and integrates with the Bitcoin Lightning Network
Gate News reports that on March 19, Tether is advancing the integration of its stablecoin business with Bitcoin's Lightning Network. The Lightning Network is a network layer built on Bitcoin that supports faster and lower-cost transactions. This move aims to expand the application scenarios of Tether stablecoins through the technical advantages of the Lightning Network and attract more users to utilize the Bitcoin network.
GateNews4h ago
Hyperliquid Launches First On-Chain S&P 500 Perpetual Futures, HYPE Token Rises Nearly 2% Today
Hyperliquid partners with TradeXYZ to launch the first on-chain S&P 500 perpetual futures contract, authorized by S&P Dow Jones, supporting 24/7 trading and driving traditional financial products into the crypto market. HYPE token surges nearly 2%, up 76% year-to-date, while Hyperliquid leads trading volume in the commodities market.
GateNews4h ago
