Solana Foundation teams up with asset management firm to expand in South Korea

Core Viewpoint - Hanwha Asset Management has signed a memorandum of understanding with the Solana Foundation to enhance its digital asset ecosystem and strengthen its position in South Korea's digital asset market [1][3]. Group 1: Partnership Details - The agreement focuses on deepening cooperation between Hanwha Asset Management and Solana, a leading blockchain platform [1][3]. - The partnership aims to leverage Hanwha's international network to scale digital asset innovation globally [4]. Group 2: Market Context - South Korea is identified as a key market for global crypto adoption due to its regulatory clarity, institutional infrastructure, and developer talent [3]. - Hanwha Asset Management is recognized as an early mover in South Korea's asset management industry regarding digital assets [4]. Group 3: Strategic Initiatives - The firm established a dedicated digital asset team during 2020-2021 and created a Digital Asset Business Team in 2025 to monitor global crypto market trends [5]. - The partnership aims to build digital income-oriented businesses utilizing the Solana ecosystem [6]. Group 4: Educational and Product Development Goals - The collaboration will include education on Solana's development tools and ecosystem [7]. - Plans to launch SOL-based exchange-traded products and publish custody guidelines for Solana-linked assets are also part of the agreement [7].