KODA & Core: Bitcoin Staking in Korea
KODA Integrates with Core: Expanding Bitcoin Staking in Korea
Korea Digital Asset (KODA), South Korea's leading digital asset custodian, has integrated with Core, Bitcoin's first Proof-of-Stake (PoS) layer and largest Bitcoin DeFi ecosystem. This marks a significant step forward for Bitcoin staking within a major crypto market.
KODA's integration makes Core the first Bitcoin scaling blockchain it supports. This move is particularly noteworthy given Korea's substantial crypto adoption, with exchanges boasting billions in daily trading volume and retail traders significantly influencing global price trends.
Why This Matters
The partnership between KODA and Core brings several key advantages:
- Increased Institutional Adoption: Core is now accessible to institutional investors in Korea through a trusted custodian. This opens doors for greater Bitcoin DeFi development and innovation in the region.
- Access to CORE Token: KODA users gain access to CORE, Core's native token.
- Regulatory Compliance: The integration contributes to the development of regulated Bitcoin staking services in Korea as the regulatory landscape evolves.
"KODA has established itself as a pioneer in the institutional space," said Brendon Sedo, Initial contributor to Core. "We are excited to partner with KODA to introduce Core to the region and unlock new opportunities for institutional Bitcoin yield."
Jin-seok Cho, CEO of KODA, added, "As a leading custodian, KODA is pleased to collaborate with Core to expand Bitcoin yield opportunities for institutional investors in Korea. This integration enhances Bitcoin's scalability and utility, enabling regulatory-compliant engagement."
Bitcoin Staking's Growing Momentum
Core's innovative approach to Bitcoin staking—previously only achievable through centralized platforms—has seen over 6,000 BTC staked since its April 2024 launch. This integration allows Korean institutions to explore Bitcoin yield directly without relinquishing BTC control.
What's Next?
The integration is live, and Core is focused on further expansion in the Korean market, including:
- Leveraging Core's listing on Bithumb to increase local market access to CORE and on-chain products.
- Preparing for potential regulatory changes to provide institutions with access to staking products via trusted custodians.
South Korea's anticipated relaxation of crypto trading restrictions for institutional investors further underscores the significance of this development. This integration comes at a pivotal time as the country prepares to issue new guidelines expected in Q3. Core's partnership with major players like BitGo, Hashnote, Maple, and Copper, and its collaboration with Maple on lstBTC, a liquid staking, yield-bearing token, further solidifies its position in the market.
About Core
Core is a high-performance EVM Layer-1 blockchain secured by Bitcoin, offering institutional yield through Bitcoin staking. It's currently ranked among the top blockchains in terms of on-chain TVL and UAW.
About KODA
Korea Digital Asset (KODA) is a leading digital asset custodian in South Korea, providing secure custody services for institutional and corporate investors. It’s backed by prominent investors, including KB Kookmin Bank, Hashed, Altos Ventures, and Samsung Asset Management.
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