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Jito Foundation has signed a memorandum of understanding (MoU) with Korean digital asset custodian KODA to explore institutional custody and staking support for JitoSOL in South Korea, according to a Monday announcement. The agreement focuses on outreach to institutional investors and the development of compliant custody and staking pathways.
Under the MoU, Jito Foundation and KODA plan to engage institutional investors and work toward custody and staking processes aligned with local requirements. The initiative also 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 (ETF) in South Korea, subject to regulatory approval.
Marc Liew, head of APAC at Jito Foundation, said the foundation is seeing interest from two groups: large financial firms aiming to build “the next generation of wealth management products,” and institutional entities interested in JitoSOL’s yield-bearing characteristics for corporate treasuries.
KODA provides custody infrastructure that includes cold storage, MPC-based key management, and institutional staking. The company carries $20 million in digital asset insurance coverage.
According to the announcement, KODA is backed by KB Kookmin Bank and other investors. It also holds a registered VASP license and ISMS certification.
Liew said KODA’s institutional-grade vaulting system would allow clients to mint JitoSOL directly from their SOL holdings through the KODA interface.
JitoSOL is a liquid staking protocol on the Solana network. Users stake SOL in exchange for JitoSOL, a token designed to be used across decentralized finance applications.
JitoSOL has a market capitalization of about $930 million, based on CoinGecko data. The token already has institutional exposure in Europe through a 21Shares exchange-traded product, and custodians including BitGo and Hex Trust support staking directly from custody accounts.
