Hanwha Asset Management partners with Jito Foundation on liquid staking ETPs

Hanwha Asset Management has entered into a strategic partnership with the Jito (JTO) Foundation to develop infrastructure for liquid staking exchange-traded products (ETPs), according to Yonhap News. The collaboration aims to establish the technical and regulatory groundwork for designing regulated financial products in South Korea, similar to the JSOL ETP listed on Euronext last month. This move follows Hanwha Asset Management's signing of a memorandum of understanding (MOU) with the Solana (SOL) Foundation on Jan. 23.