South Korea's Hanwha Asset Management has signed a memorandum of understanding with the Swiss-based Solana Foundation to expand the digital asset ecosystem. The two sides will collaborate on various areas, including potential launches of Solana-based exchange-traded products. This partnership aims to lead in developing digital income businesses in Korea's growing crypto market.
On January 23, 2026, in Seoul, South Korea's Hanwha Asset Management signed a memorandum of understanding with the Solana Foundation, a nonprofit based in Zug, Switzerland, to cooperate on expanding the digital asset ecosystem. The foundation supports and develops the Solana blockchain network.
Under the MOU, the partners will collaborate across various digital asset sectors, including exploring the launch of Solana-based exchange-traded products. Eight Solana-based exchange-traded funds are listed on the New York Stock Exchange, with combined assets under management exceeding $1 billion.
Choi Youn-jin, chief marketing officer of Hanwha Asset Management, stated, "Through this partnership, we aim to take a leading role in developing digital income-oriented businesses leveraging the Solana ecosystem."
Lily Liu, president of the Solana Foundation, remarked, "Korea is emerging as a key market for global crypto adoption, where regulatory clarity, institutional infrastructure and world-class developer talent converge," adding that she expects the collaboration to help scale digital asset innovation globally.
This agreement positions the firms to drive growth in Korea's blockchain and digital asset landscape.
