Both the Jito Foundation and Hanwha Asset Management held a meeting to finalise the integration of JitoSOL into Korea’s financial system.
The Jito Foundation, which manages the Jito Network, formalised a strategic partnership with Hanwha Asset Management to launch a JitoSOL Exchange-Traded Product (ETP) in Korea.
Both companies recently met to finalise plans aimed at replicating the successful model of the 21Shares Jito Staked SOL ETP for the Korean market. Jito Foundation cited Hanwha Asset Management’s exceptional growth and its deep digital asset expertise as key reasons for selecting the firm as its Korean partner.
Under the Memorandum of Understanding (MOU), both parties will integrate JitoSOL within ETP structures, validate regulated custody solutions, develop educational and marketing content, and establish a comprehensive risk management framework.
Brian Smith, President of the Jito Foundation, said: “Hanwha Asset Management not only established one of the first dedicated digital asset teams in Korea, but is also reshaping the ETF market through its ‘PLUS’ platform. Hanwha’s deep experience and bold innovation make it the ideal gateway for JitoSOL’s successful integration into Korea’s institutional financial system.”
Youngjin Choi, Chief Marketing Officer & Chief Digital Asset Officer of Hanwha Asset Management, said: “JitoSOL is an innovative asset that delivers both strong income generation and liquidity. For retirement pension investors seeking portfolio diversification, it represents a compelling alternative. We will successfully introduce the globally proven JitoSOL ETP structure to the Korean market in a manner optimised for local regulatory and market conditions.”
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