Jito Foundation signed a memorandum of understanding with KODA (Korea Digital Asset Co., Ltd.), South Korea’s largest digital asset custody provider, to expand institutional access to JitoSOL in the Korean market.
The agreement includes market education for institutional investors, exploration of regulatory pathways for the custody and staking of the token, and coordination. South Korea’s Financial Services Commission expects to finalize a comprehensive regulatory framework for digital assets during 2026.
The announcement aligns with the previously announced collaboration with Hanwha Asset Management, one of Korea’s largest asset managers by assets under management, to explore the launch of a JitoSOL ETF, though it remains subject to regulatory approval.
KODA was founded with an investment from KB Kookmin Bank, the country’s largest commercial bank, and is backed by Hanwha Securities and Kyobo Securities, among others. Its infrastructure includes cold wallet storage, MPC-based key management, and digital asset insurance of $20 million issued by Samsung Fire & Marine Insurance. JitoSOL is one of Solana’s largest liquid staking tokens, with a market cap of approximately $1.77 billion.
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