KODA's Staggering Growth in Digital Asset Custody Market
KODA's staggering growth
Korea Digital Asset (KODA), a prominent player in the digital asset custody sector, has surpassed 8 trillion won (approximately $6 billion) in assets under custody as of February 22.
Established
KODA was established in November 2020 by blockchain investment firm Hashed, KB Kookmin Bank, and Haechi Labs. The company specializes in secure storage and digital asset management for corporate and institutional clients.
Custody Assets
KODA's custody assets surged from 2.3 trillion won in June 2023 to 8 trillion won by December 2023, holding an 80% market share in South Korea.
What’s in store for KODA?
KODA continues to enhance its systems to meet financial institutions' standards. CEO Jin-Seok Cho emphasizes the company's commitment to strengthening the digital asset ecosystem.
Global Market
The US market's approval of a Bitcoin spot ETF resulted in the establishment of eleven ETFs. Hashed CEO Simon Kim highlights the role of custodians like KODA in supporting the growth of the digital asset ETF market.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.