Jito Expands Into South Korea with KODA Custody Partnership
The post Jito Expands Into South Korea with KODA Custody Partnership appeared on BitcoinEthereumNews.com.
Jito Foundation has signed a memorandum of understanding with Korean digital asset custodian KODA to explore institutional custody and staking support for JitoSOL in the local market. According to Monday’s announcement, the agreement includes outreach to institutional investors and the development of compliant custody and staking pathways. It comes as South Korea’s Financial Services Commission is expected to finalize a digital asset regulatory framework later this year. In February, the foundation said it would work with Hanwha Asset Management to explore a JitoSOL exchange-traded fund in South Korea, pending regulatory approval. Marc Liew, head of APAC at Jito Foundation, told Cointelegraph: We are seeing significant interest from two main camps: large financial firms looking to build the next generation of wealth management products, and institutional entities that are interested in the yield-bearing nature of JitoSOL for their corporate treasuries. KODA provides custody infrastructure including cold storage, MPC-based key management and institutional staking, carrying $20 million in digital asset insurance coverage. The company is backed by KB Kookmin Bank and other investors and holds a registered VASP license and ISMS certification. “Through KODA’s institutional-grade vaulting system, the KODA interface will allow the client to mint JitoSOL directly from their SOL holdings,” Liew said. Jito is a liquid staking protocol on the Solana (SOL) network where users stake SOL in exchange for JitoSOL, a token usable across decentralized finance applications. The Jito Foundation supports development, partnerships and institutional outreach. JitoSOL has a market capitalization of about $930 million, according to CoinGecko data. The token already has institutional exposure in Europe through a 21Shares exchange-traded product, while custodians including BitGo and Hex Trust support staking directly from custody accounts. Source: CoinGecko Related: Grayscale debuts Solana ETF, joining Bitwise in SOL staking ETF race Seoul tightens crypto market controls South Korean regulators and policymakers…
Filed under: News - @ April 14, 2026 4:34 pm