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Wavebridge, Jito Foundation partner to develop regulated JitoSOL products in South Korea

Wavebridge, Jito Foundation partner to develop regulated JitoSOL products in South Korea

The deal adds a prime broker to Jito Foundation’s Korea buildout and includes ETF research with Hanwha Asset Management, FnGuide, KODA and Shin & Kim ahead of Korea Blockchain Week 2026.

SOL
USDC
JITOSOL

Fact Check
The claim is confirmed by the official Jito Foundation X announcement and Korean primary media (Maeil Business Newspaper), both dated 2026-07-27. The specific details—regulated JitoSOL products, prime broker role, ETF research with Hanwha Asset Management, and the joint research report involving FnGuide, KODA, and Shin & Kim ahead of Korea Blockchain Week 2026—are corroborated by Solana Compass and Crypto Briefing. All named entities match.
Summary

Wavebridge has signed an MOU with the Jito Foundation to explore institutional digital asset products for South Korea using JitoSOL, extending Jito Foundation’s effort to assemble the infrastructure needed for regulated staking-based products in the country. The partnership is aimed at adapting JitoSOL to local custody, settlement and product-design requirements rather than launching an offering immediately. Under the agreement, Wavebridge will handle asset custody, product structuring, distribution and settlement infrastructure, while Jito Foundation will provide technical documentation and staking expertise. The companies are also preparing a joint research report on domestic digital asset ETFs with Hanwha Asset Management, FnGuide, KODA and law firm Shin & Kim for release at Korea Blockchain Week 2026. Any eventual launch remains contingent on the development of South Korea’s regulatory framework for institutional digital assets and on partnerships with licensed Korean asset managers. Wavebridge is a Seoul-based institutional prime broker and digital asset custodian registered with South Korea’s Financial Intelligence Unit as a Virtual Asset Service Provider, a designation required to offer regulated digital asset services to institutions. The agreement is Jito Foundation’s third Korea-focused institutional partnership announced in 2026, following earlier tie-ups with Hanwha Asset Management and KODA. Together, those arrangements span asset management, custody, prime brokerage, structuring and settlement, suggesting Jito Foundation is building the stack needed for future regulated JitoSOL products in Korea. JitoSOL holds more than 14 million SOL in deposits, according to Jito Foundation, and Solana Compass tracked 190,189 token holders as of July 27. The Korea push comes as international institutional interest broadens, including a VanEck filing with Nasdaq for SEC approval of a JitoSOL-based ETF, a 21Shares Solana ETP in Europe that incorporates Jito staking yields, and Coinbase’s recent acceptance of JitoSOL as collateral for USDC loans.

Terms & Concepts
  • JitoSOL: A Solana liquid staking token designed to give holders staking exposure while keeping the asset transferable.
  • liquid staking token: A token that represents staked crypto assets and can still be traded or used in other products.
  • Virtual Asset Service Provider: A regulatory registration category for firms offering digital asset services such as custody or brokerage.