South Korea’s Hanwha taps Jito Foundation for liquidity staking ETPs

Hanwha Asset Management, a major South Korean financial player, has entered a strategic partnership with the Jito Foundation to build the necessary infrastructure for liquidity staking exchange-traded products (ETPs) tied to JitoSOL, a liquid staking token on Solana. The agreement focuses on technical integration, regulatory groundwork, custody solutions, and risk management frameworks to bring products combining staking rewards and MEV yields to the South Korean market. This move aligns with global trends, such as 21Shares launching a JitoSOL ETP in Europe, and positions Hanwha for South Korea's forthcoming Digital Asset Basic Act, which is expected to create clearer regulatory paths for domestic crypto ETPs, despite current legislative delays over stablecoin rules.

(Source：The Block)