Hanwha Asset Management announced on the 23rd that it has signed a strategic partnership with Jito Foundation, a leader in the Solana ecosystem, to build exchange-traded product (ETP) infrastructure based on liquid staking.
The partnership aims to establish technical and institutional cooperation for designing regulated financial products in South Korea, similar to the "21Shares Jito Staked SOL ETP (JSOL)" listed on Europe's Euronext in January this year.
Specific areas of cooperation include technical integration of JitoSOL within ETP structures, verification of regulation-based custody solutions, joint development of educational and marketing content, establishment of risk management frameworks, and regulatory compliance communication with relevant authorities. The two parties plan to focus on stably incorporating JitoSOL's unique dual-yield structure—combining staking rewards and MEV (Maximal Extractable Value) rewards—into the domestic investment environment.
Recently, financial products based on JitoSOL have been launching successively in global markets. In Europe, the JSOL ETP jointly launched by global cryptocurrency ETP issuer 21Shares and Jito Foundation is being traded through traditional financial infrastructure. In the United States, asset manager VanEck has filed an S-1 registration statement for a JitoSOL exchange-traded fund (ETF).
In South Korea, the institutional framework for virtual assets is also being progressively established. This is the backdrop for Hanwha Asset Management's focus on liquid staking. JitoSOL is the largest liquid staking token within the Solana network, with a market capitalization of approximately $1.1 billion.
Choi Young-jin, Executive Vice President of Hanwha Asset Management, said, "Jito is a foundation leading the liquid staking sector on Solana," adding that "it will become an attractive alternative asset for retirement pension investors seeking to diversify their portfolios."
Brian Smith, Chairman of Jito Foundation, stated, "Hanwha Asset Management is a dynamic partner that not only established the first dedicated digital asset team in Korea but is also changing the market landscape through its 'PLUS' ETF brand." He added, "Their experience in successfully launching regulation-based investment products in the Korean market will serve as an optimal bridgehead for JitoSOL's entry into Korea's institutional finance sector."