The Jito Foundation and South Korean custodial firm KODA have signed a partnership to provide regulated staking and custody services for JitoSOL, targeting institutional investors. The move comes as South Korea tightens its digital asset regulations. The deal has coincided with a price increase for JitoSOL, which is trading near $107. Discussions are also underway for a potential JitoSOL exchange-traded fund with Hanwha Asset Management, pending regulatory approval.
The Jito Foundation and KODA announced a partnership to expand institutional access to JitoSOL in South Korea. The agreement focuses on crypto custody and institutional staking support as the country prepares stricter digital asset regulations.
According to the foundation, the partnership will onboard institutional investors into compliant staking systems. This aligns with the South Korean Financial Services Commission’s advancing regulatory framework for digital assets.
Marc Liew, Jito Foundation’s APAC head, stated there has been high interest from institutions seeking yield-generating crypto-exposure. He noted institutions are creating “next generation” wealth products that utilize staking-based yields.
Price data indicates JitoSOL is trading at $106.87, a 2.86% increase over the last day. The token’s market capitalization stands at approximately $938 million, with a 24-hour trading volume of $6.27 million.
KODA offers institutional-grade custodial solutions including cold storage and multi-party computation key management. The platform provides up to $20 million in digital asset insurance coverage.
Through KODA’s secure interface, users can create JitoSOL tokens directly from their Solana holdings. The custodian is a registered virtual asset service provider supported by KB Kookmin Bank and certified under international assurance standards.
The partnership emerges amid increased regulatory oversight in South Korea’s digital asset market. Authorities have recently implemented stricter licensing requirements for exchanges and expanded shareholder monitoring.
Regulatory bodies have also proposed the classification of stablecoins and maximum ownership limits on local exchanges. These developments follow incidents like a Bithumb payout error that exposed systemic weaknesses.
The partnership could facilitate further global expansion and includes talks with Hanhwa Asset Management regarding a JitoSOL ETF. This potential product remains contingent upon approval from South Korean regulators.
JitoSOL is already available to European institutional investors through an exchange-traded product offered by 21Shares. Custodian companies like BitGo and Hex Trust also offer direct staking capabilities from their custody accounts.
