KODA, the largest custody provider in South Korea, has integrated Core – Bitcoin’s first Proof of Stake (PoS) layer and the largest Bitcoin DeFi ecosystem, making it the first Bitcoin scaling blockchain KODA supports. This development underscores the growing momentum of Bitcoin staking in a key crypto-active market.
For years, Korea has been a powerhouse in crypto adoption. Korean exchanges see billions in daily volume, and the country’s retail traders shape global price trends. And, now institutional interest and adoption in Korea are on the rise, with KODA establishing itself as the market leader.
With this integration, users will gain access to CORE, the native token of the Core blockchain, while also contributing to the development of regulated Bitcoin staking services in the Korean market through KODA and Core as the regulatory landscape matures.
Why This is Big
KODA’s integration means Core is now supported by the leading custodian in Korea. KODA, which already supports major blockchains like BNB Chain, Base, Polygon, and Solana, is now integrating its first Bitcoin-scaling chain. This marks a significant step forward in expanding Bitcoin DeFi in Korea, setting the stage for greater adoption and innovation in the space.
“KODA has established itself as a pioneer in the institutional space, bringing fully licensed and innovative solutions to institutions in Korea. We are excited to partner with such a trusted and forward-thinking company to introduce Core to the region—and, in time, unlock new opportunities for institutional Bitcoin yield. This collaboration marks an important step in expanding access to secure and scalable blockchain solutions for Korean institutions,” said Brendon Sedo, Initial contributor to Core
“As a leading provider of secure and trusted digital asset custody services for institutional investors in Korea, KODA is pleased to collaborate with Core to expand Bitcoin-based yield opportunities.
This integration marks a significant milestone in enhancing Bitcoin’s scalability and utility, enabling institutional investors in Korea to engage with Bitcoin in a more efficient and regulatory-compliant manner.
KODA remains committed to providing innovative solutions that allow institutions to securely manage and utilize digital assets.”
— Jin-seok Cho, CEO of Korea Digital Asset (KODA)
Bitcoin Staking on the Horizon
Core is built to unlock Bitcoin staking, something that was previously only possible through centralized platforms. Since launching the offering in April 2024, over 6,000 BTC have been staked with Core.
With KODA’s integration, Korean institutions will soon have the opportunity to explore Bitcoin yield powered by Core—directly, without relinquishing control of their BTC.
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