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
AWS Marketplace Integrates Chainlink Data Standards
AWS Marketplace is integrating Chainlink's data standards and services, enabling developers and enterprises to combine AWS compute, storage, database, and API infrastructure with smart contract capabilities, according to an announcement on Friday.
Three Chainlink Services Now Available
AWS
CryptoFrontier2h ago
Aave Proposes 25,000 ETH Contribution to DeFi United for Kelp DAO Exploit Recovery
Gate News message, April 24 — Aave service providers proposed a governance contribution of 25,000 ETH, worth approximately $58 million, from the protocol's DAO to DeFi United on Friday to help restore backing for rsETH following last week's Kelp DAO exploit. The attack compromised a LayerZero
GateNews4h ago
ADA Price Outlook as Cardano Lands LSE Tokenized Deal
Key Insights
Cardano tokenized a Hannover Re reinsurance product and listed it on the London Stock Exchange, expanding blockchain use in regulated institutional markets.
ADA price holds within a descending wedge as support at $0.2400 remains intact while resistance near $0.2550 and $0.2824 l
CryptoNewsLand5h ago
OSL Group and Circle Partner to Expand USDC Access Across Trading and Payment Platforms
Gate News message, April 24 — OSL Group (HKEX: 863), a global stablecoin payment and trading platform, announced a partnership with Circle (NYSE: CRCL), a leading financial platform company, on April 22 to expand USDC access across OSL's payment and trading ecosystem.
Through OSL Global, OSL's
GateNews5h ago
Major CEX Launches Crypto Payment Card on Mastercard Network in Australia, Enabling USDC Payments
Gate News message, April 24 — A leading centralized exchange has launched a crypto payment card in Australia, partnering with Mastercard and Immersve to enable crypto-backed payments at merchants accepting Mastercard, including Google Play and Apple Pay. The service supports USDC and 37 USDC
GateNews6h ago
Kalshi Taps Pyth Network for Around The Clock Commodities Data Feed
Pyth feeds will settle Kalshi contracts on assets like gold, oil, and soybeans with continuous pricing beyond exchange hours.
The system aggregates data from 125+ institutions, ensuring real-time coverage across commodities trading without interruptions.
Kalshi expands amid regulatory
CryptoFrontNews6h ago
