The Jito Foundation has announced a memorandum of understanding with KODA, South Korea’s largest digital asset custodian, to jointly facilitate compliant institutional access to the liquid staking token JitoSOL in the Korean market. The collaboration includes educating institutional investors, exploring compliant custody and staking pathways, and aligning outreach efforts with developments in South Korea’s virtual asset regulatory framework. KODA holds a Virtual Asset Service Provider (VASP) license and ISMS certification, and offers cold wallet storage, MPC key management, institutional staking services, and $20 million in digital asset insurance underwritten by Samsung Fire & Marine Insurance. Previously, the Jito Foundation has explored launching a JitoSOL ETF in partnership with Hanwha Asset Management, pending regulatory approval.
Jito Foundation partners with KODA to expand JitoSOL access in South Korea
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Summary
The Jito Foundation has partnered with KODA, South Korea’s largest digital asset custodian, to expand institutional access to JitoSOL in the Korean market. The collaboration aligns with digital asset regulations and encompasses market education, custody solutions, and staking pathways for institutional investors. KODA provides cold storage, MPC key management, and $20 million in insurance underwritten by Samsung Fire & Marine. The company also complies with CFT measures and holds a VASP license. JitoSOL’s institutional initiative follows prior discussions with Hanwha Asset Management regarding a potential ETF.
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