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Solana (SOL), which experienced a rapid rise after the FTX crash and reached an all-time high of nearly $300 in January 2025, is now undergoing a major decline.
Despite falling to $80 with the recent declines, Solana continues to grow.
Solana, which continues to forge new partnerships, has recently established its latest partnership with South Korea.
According to local news agency Aju Business Daily, the Solana Foundation has signed a strategic memorandum of understanding (MOU) with DB Securities, one of South Korea’s giant corporations.
DB Securities announced in a statement that on March 6, it signed an agreement with the Solana Foundation to create a digital capital market based on tokenized securities (STOs).
Through this agreement, the two companies will gradually implement joint projects targeting local and international STO markets.
This collaboration aims to increase liquidity and accessibility for security token offerings (STOs) using Solana’s high-speed blockchain. The two companies plan to jointly procure underlying assets for STOs in South Korea and abroad, manage financial structuring, and explore frameworks for issuing and distributing overseas STOs using the Solana blockchain.
“The agreement involves technically connecting existing securities systems to the Solana blockchain and jointly identifying eligible assets for tokenization,” said DB Financial Investment, adding that it will reveal more details about the business model at the “Solana Accelerate APAC” event in Hong Kong on February 11.
*This is not investment advice.