Seoul-based licensed virtual asset service provider Wavebridge has signed a memorandum of understanding with the Jito Foundation to introduce institutional products built around JitoSOL to the South Korean market. The two sides also plan to study digital asset exchange-traded funds with institutions including Hanwha Asset Management. Under the agreement, Wavebridge will handle custody, product structuring and distribution, while the Jito Foundation will provide technical guidance on staking mechanisms and risk management. JitoSOL is currently the largest liquid staking token in the Solana ecosystem by value locked, with more than 14 million SOL locked. Techub, citing CryptoBriefing, said the tie-up reflects faster moves by South Korea’s traditional asset managers and crypto infrastructure providers to develop compliant digital asset products.
Wavebridge, a Seoul-based licensed virtual asset service provider, has signed a memorandum of understanding with the Jito Foundation to introduce institutional-grade products based on JitoSOL to the South Korean market.
The companies also plan to study digital asset exchange-traded funds with institutions including Hanwha Asset Management.
Under the agreement, Wavebridge will take charge of custody, product structuring and distribution. The Jito Foundation will provide technical guidance related to staking mechanisms and risk management.
JitoSOL is the largest liquid staking token in the Solana ecosystem by value locked, with more than 14 million SOL currently locked.
According to Techub, citing CryptoBriefing, the partnership points to faster efforts by South Korea’s traditional asset managers and crypto infrastructure providers to roll out compliant digital asset products.
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