Jito and KODA Team Up for Institutional Solana Staking in South Korea

The Jito Foundation has partnered with KODA, a South Korean digital asset custodian, to launch institutional Solana staking in the region. The agreement will enable institutional clients to mint JitoSOL directly from their SOL holdings through KODA's interface.

Jito is a liquid staking protocol built on the Solana network, allowing users to deposit SOL and receive JitoSOL in return. This token can be used across decentralized finance applications.

KODA is backed by KB Kookmin Bank and holds a registered Virtual Asset Service Provider license along with ISMS certification. The custodian provides cold storage, MPC-based key management, and institutional staking services, with $20 million in digital asset insurance coverage.

According to Marc Liew, head of APAC at Jito Foundation, the partnership addresses demand from two groups of institutions: large financial firms building next-generation wealth management products and institutional entities seeking yield-bearing assets for their corporate treasuries. JitoSOL has a market capitalization of approximately $930 million.

The move comes as South Korea advances toward a formal digital asset regulatory framework, with the country's Financial Services Commission expected to finalize it later this year.