Shares of Solana (SOL), which surged after the FTX exchange collapse and reached an all-time high of nearly $300 in January 2025, are now experiencing a significant decline.
Despite falling to $80 due to a recent downturn, Solana's stocks continue to rise.
Solana, which continues to establish new partnerships, recently concluded its latest agreement with South Korea.
According to the local news agency Aju Business Daily, the Solana Foundation signed a strategic memorandum of understanding with DB Securities, one of the largest South Korean corporations.
DB Securities announced in its statement that on March 6 it signed an agreement with the Solana Foundation to create a digital capital market based on tokenized securities (STO).
Under this agreement, both companies will gradually implement joint projects focused on local and international STO markets (securities trading operations).
The aim of this collaboration is to enhance the liquidity and accessibility of security token offerings (STO) using the high-speed Solana blockchain. Both companies plan to jointly acquire underlying assets for STO in South Korea and abroad, manage the financial structure, and explore mechanisms for issuing and distributing overseas STO using the Solana blockchain.
The agreement provides for the technical connection of existing securities systems to the Solana blockchain and the joint identification of assets suitable for tokenization, said DB Financial Investment, adding that more detailed information about the business model will be presented at the event 'Solana Accelerate APAC' in Hong Kong on February 11.