Collaborating on education, ETFs, custody solutions to expand digital asset ecosystem
Hanwha Asset Management announced on the 23rd that it has signed a memorandum of understanding, MOU, with the Solana Foundation to expand the digital asset ecosystem.
Hanwha Asset Management plans to collaborate with the Solana Foundation on ▲ education regarding Solana tools and ecosystem ▲ cooperation in launching Solana-based exchange-traded funds, ETFs ▲ and publishing a guide on custody solutions suitable for Solana.
Through this, the company aims to establish a cooperative system with global blockchain platforms and strengthen its leading position in the digital asset sector.
The Solana Foundation is a non-profit organization established to support the decentralization of the Solana network, a global blockchain, the construction of ecosystem infrastructure, and responses to blockchain-related policies. It is building the Solana ecosystem in various fields, including decentralized finance, DeFi, non-fungible tokens, NFTs, and payments.
Lily Liu, chair of the Solana Foundation, said, “Korea is emerging as a key market for global virtual asset adoption, combining clear regulations, institutional investment infrastructure, and world-class development talent.”
Hanwha Asset Management operated the first digital asset team among domestic asset management companies from 2020 to 2021 and published reports related to digital assets. Last year, it also newly established the Digital Asset Business Team, directly under the Chief Marketing Officer, CMO, to analyze global digital asset market trends and blockchain technology trends.
Choi Young-jin, vice chairman of Hanwha Asset Management, said, “Through this agreement, we aim to proactively lead digital income-generating businesses utilizing the Solana ecosystem.”
