Hanwha Asset Management said on the 23rd that it signed a memorandum of understanding (MOU) with the Solana Foundation to expand the digital asset ecosystem.
Hanwha Asset Management plans to work with the Solana Foundation on ▲ education on Solana tools and the ecosystem ▲ collaboration on launching Solana-based exchange-traded funds (ETF) ▲ publishing guidelines on custody solutions suitable for Solana.
Through this, it plans to build a cooperative framework with global Blockchain platforms and to establish a leading position in the digital asset space.
The Solana Foundation is a nonprofit foundation that supports network decentralization of the global Blockchain Solana, ecosystem infrastructure building, and responses to Blockchain-related policy. It is building the Solana ecosystem across various fields, including decentralized finance (DeFi), non-fungible tokens (NFT), and payments.
Solana Foundation Chair Lily Liu said, "Korea is emerging as a key market for global virtual asset adoption, where clear regulations, institutional investment infrastructure, and world-class development talent come together."
Hanwha Asset Management operated a digital asset team from 2020 to 2021, the first among domestic asset managers, and published reports related to digital assets. Last year, it also launched a Digital Asset Business Team under the chief marketing officer (CMO) to analyze global digital asset market trends and Blockchain technology trends.
Vice President Choi Young-jin of Hanwha Asset Management said, "With this agreement, we aim to take the lead in driving digital income-type businesses that leverage the Solana ecosystem."