TL;DR:
- Jito Foundation signed a strategic alliance with Hanwha Asset Management to develop JitoSOL-based liquid staking ETPs in South Korea.
- JitoSOL is the largest liquid staking token on the Solana network, with a market capitalization of approximately $1.1 billion.
- The initiative is part of the foundation’s global expansion of financial products, which already trade on Euronext and have a pending ETF before the SEC.
Hanwha Asset Management, one of South Korea’s leading asset managers overseeing approximately 6.4 trillion won (around $4.44 billion), signed a strategic alliance with Jito Foundation to develop the infrastructure for exchange-traded products (ETPs) based on liquid staking in the local market.
The agreement aims to build regulated financial products linked to JitoSOL, the largest liquid staking token within the Solana network, with a market capitalization of approximately $1.1 billion. Areas of cooperation include the technical integration of the token into ETP structures, the validation of regulated custody solutions, the development of risk management frameworks, and coordination with local authorities on regulatory compliance matters.
A central element of the agreement is incorporating JitoSOL’s dual-yield mechanism —which combines standard staking rewards with those derived from maximal extractable value (MEV)— into products suited for the South Korean market. Choi Young-jin, Executive Vice President of Hanwha Asset Management, noted that the token “will become an attractive alternative asset for retirement pension investors looking to diversify their portfolios.”
JitoSOL Expands Across Every Continent
Hanwha’s strategy aligns with a global trend. In January 2026, 21Shares launched the Jito Staked SOL ETP (JSOL) on Euronext, enabling trading through traditional financial infrastructure in Europe. In the United States, VanEck filed an S-1 registration statement with the SEC for an ETF on the same token, a request that remains pending resolution.
The regulatory landscape in South Korea is also highly significant. The Digital Asset Basic Act, currently under development, seeks to establish a clear regulatory framework that allows local institutions to launch ETPs on crypto assets. However, disputes over the eligibility of stablecoin issuers have delayed the legislation beyond its original 2025 deadline, and regulatory pressure to grant exclusive licenses to banks is generating friction with the private sector.
