Hanwha Asset Management Partners with Jito Foundation to Build Liquidity Staking ETP Infrastructure

Hanwha Asset Management announced on the 23rd that it has entered into a strategic partnership with the Jito Foundation, a leading player in the Solana ecosystem, to build infrastructure for liquidity staking-based exchange-traded products (ETPs).

Choi Youngjin (right), Vice President of Hanwha Asset Management, and Smith Brian, Chairman of the Jito Foundation, met this month at the company's headquarters in the 63 Building in Yeouido, Seoul, and signed a partnership to build liquidity-staking-based exchange-traded product (ETP) infrastructure.

Choi Youngjin, Vice President of Hanwha Asset Management, and Brian Smith, Chairman of the Jito Foundation, recently met at the Hanwha Asset Management headquarters in the 63 Building in Yeouido, Seoul, to discuss cooperation plans for future business development.

This partnership aims to achieve technological and regulatory collaboration for the design of regulated products in Korea, similar to the "21Shares Jito Staked SOL ETP (JSOL)," which was listed on Euronext in Europe in January this year.

The specific scope of cooperation includes: ▲ technical integration of JitoSOL within ETP structures ▲ verification of regulatory-compliant custody solutions ▲ joint development of educational and marketing content ▲ establishment of a risk management framework ▲ regulatory-compliance communication with relevant authorities. In particular, the two parties plan to focus on stably incorporating into the Korean investment environment JitoSOL's unique dual-yield structure, which combines staking rewards and Maximal Extractable Value (MEV) rewards.

Financial products based on JitoSOL are being launched continuously in global markets. In Europe, the JSOL ETP, jointly launched by global crypto ETP issuer 21Shares and the Jito Foundation, is 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 Korea as well, the institutional framework for virtual assets is being established step by step. This is why Hanwha Asset Management is focusing on liquidity staking. JitoSOL is the largest liquidity staking token on the Solana network, with a market capitalization of approximately 1.1 billion dollars.

"Jito is a foundation that leads the Solana-based liquidity staking space," said Choi Youngjin, Vice President of Hanwha Asset Management. "JitoSOL is an innovative asset that provides both high income and liquidity." He added, "It will be an attractive alternative asset for retirement pension investors seeking to diversify their portfolios."

Brian Smith, Chairman of the Jito Foundation, said, "Hanwha Asset Management is a dynamic partner that not only established the first dedicated digital asset team in Korea but is also reshaping the market landscape through its 'PLUS' ETF brand." He continued, "Its experience in successfully establishing regulated investment products in the Korean market will serve as the optimal bridgehead for JitoSOL to enter Korea's regulated financial sector."