Jito Foundation has signed a memorandum of understanding with Korean digital asset custodian KODA to develop institutional custody and staking support for JitoSOL in South Korea.
The partnership focuses on building compliant staking infrastructure and engaging institutional investors as the country prepares to finalise its digital asset regulatory framework later this year.
The move follows earlier efforts by Jito to expand institutional access, including plans with Hanwha Asset Management to explore a JitoSOL exchange-traded fund pending approval.
“We are seeing significant interest from two main camps: large financial firms looking to build the next generation of wealth management products, and institutional entities that are interested in the yield-bearing nature of JitoSOL for their corporate treasuries,”
Said Jito Foundation APAC head, Marc Liew.
KODA will provide institutional-grade custody services, including cold storage and MPC-based key management, while enabling clients to mint JitoSOL directly from their SOL holdings through its platform.
Jito operates a liquid staking protocol on the Solana network, allowing users to stake SOL in exchange for JitoSOL, which can be deployed across decentralised finance applications.
South Korea has been tightening crypto oversight following recent market incidents, including the Bithumb payout error, with regulators introducing stricter controls and signalling further reforms to improve market stability.
At the time of reporting, Solana price was $86.20.