佳佳币资讯站Jito Foundation Partners with South Korea’s KODA for Digital Asset Custody
The Jito Foundation has entered into a Memorandum of Understanding with South Korea’s digital asset custodian KODA, aiming to explore institutional custody and staking services for JitoSOL in the Korean market. As announced this Monday, the agreement covers market expansion for institutional investors and the development of compliant custody and staking pathways. This development comes as the Korea Financial Services Commission is expected to finalize the regulatory framework for digital assets later this year.
In February, the Jito Foundation had indicated its intention to collaborate with Hanwha Asset Management to explore the launch of a JitoSOL ETF in Korea post-regulatory approval. Marc Liew, the head of Jito Foundation’s Asia-Pacific region, told the media, “We have noticed strong interest from two fronts: large financial institutions seeking to build the next generation of wealth management products and institutional entities interested in the interest-bearing characteristics of JitoSOL in their corporate fund management.”
KODA offers a comprehensive custody infrastructure including cold storage, key management based on Multi-Party Computation (MPC), and institutional staking. The company’s digital asset insurance coverage reaches $20 million. Supported by institutions like KB Kookmin Bank, KODA holds a registered Virtual Asset Service Provider (VASP) license and an Information Security Management System (ISMS) certification. Liew noted, “Through KODA’s institutional custody system, clients will be able to directly mint JitoSOL with their held SOL.”
Jito is a liquidity staking protocol on the Solana network, where users can earn JitoSOL—a derivative token that can be used in decentralized finance applications—by staking SOL. The Jito Foundation is responsible for protocol development, partnership expansion, and institutional engagement. According to 
data, the JitoSOL market capitalization is approximately $930 million. The token has entered the European institutional market through 21Shares’ exchange-traded products, and custodians like BitGo and Hex Trust have supported direct staking from custody accounts.
South Korea Strengthens Cryptocurrency Market Regulation
As South Korea moves towards a more structured regulatory framework, the country’s regulatory bodies and policymakers are pushing for stricter controls over the cryptocurrency sector. In January, South Korea approved the revision of the cryptocurrency licensing system, tightening requirements for virtual asset service providers and expanding the scope of regulation to include major shareholders. In March, policymakers further proposed setting a domestic exchange shareholding limit of 20%, part of a series of measures to strengthen market structure control.
In early February, cryptocurrency exchange Bithumb mistakenly sent out 62,000 bitcoins (not 62 million won) to users, triggering a market sell-off, exposing regulatory gaps in exchanges. This event accelerated the regulatory process, with the Korea Financial Services Commission introducing stricter requirements for internal ledger and on-chain balance reconciliation for exchanges. Earlier this month, legislators began drafting a legal draft to classify stablecoins as foreign exchange payment tools and require that physically-backed tokenization products be supported by trust-held assets.
Recently, the Bank of Korea called for the establishment of a “circuit breaker” mechanism at the exchange level and the strengthening of internal controls, warning that the industry lacks the safeguard measures of traditional financial systems.