▲ The logos of Hanwha Asset Management Co. and the Solana Foundation are seen in this rendered image provided by the South Korean asset manager on Jan. 23, 2026. (PHOTO NOT FOR SALE) (Yonhap)
▲ The logos of Hanwha Asset Management Co. and the Solana Foundation are seen in this rendered image provided by the South Korean asset manager on Jan. 23, 2026. (PHOTO NOT FOR SALE) (Yonhap)

(LEAD) Hanwha Asset-Solana-MOU

(LEAD) Hanwha Asset, Solana Foundation to jointly work to expand digital asset ecosystem

(ATTN: ADDS quotes from Solana Foundation President Lily Liu)

SEOUL, Jan. 23 (Yonhap) -- South Korea's Hanwha Asset Management Co. said Friday it has signed a memorandum of understanding (MOU) with the Solana Foundation, a Swiss-based blockchain operator, for cooperation on expanding the digital asset ecosystem.

Under the MOU, the two sides will collaborate in various areas of the digital asset sector, including a potential launch of Solana-based exchange-traded products, the asset manager said in a press release.

The Solana Foundation is a nonprofit organization based in Zug, Switzerland, created to support and develop the Solana blockchain network.

A total of eight Solana-based exchange-traded funds are listed on the New York Stock Exchange, with their combined assets under management amounting to more than US$1 billion.

"Through this partnership, we aim to take a leading role in developing digital income-oriented businesses leveraging the Solana ecosystem," said Choi Youn-jin, the chief marketing officer of Hanwha Asset Management.

"Korea is emerging as a key market for global crypto adoption, where regulatory clarity, institutional infrastructure and world-class developer talent converge," said Lily Liu, president of the Solana Foundation, according to Hanwha Asset Management, adding that she expects the collaboration to help scale digital asset innovation globally.

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