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

• Hanwha Asset Management has partnered with the Jito Foundation to explore JitoSOL-based exchange-traded products in South Korea.

Article Summaries:

• Hanwha Asset Management has announced a partnership with the Jito Foundation to develop exchange‑traded products (ETPs) based on JitoSOL, a liquidity‑staking protocol for the Solana blockchain. The collaboration aims to create Korean‑market ETPs that give investors exposure to Solana staking rewards while leveraging Jito’s technology to enhance yield and reduce slippage. By tapping Jito’s expertise, Hanwha seeks to broaden its crypto‑asset offerings and provide a regulated, liquid investment vehicle for South Korean clients interested in blockchain‑based staking returns. The move reflects growing interest in token‑based financial products within the region.

Sources:

• https://www.theblock.co/post/390769/south-korea-hanwha-jito?utm_source=rss&utm_medium=rss