KODA, the largest custody provider in South Korea, has recently announced its integration with Core, Bitcoin’s first Proof of Stake (PoS) layer and the largest Bitcoin DeFi ecosystem. This collaboration marks a significant milestone in the expansion of Bitcoin staking in the Korean market, highlighting the growing institutional interest and adoption in the region.
For years, Korea has been at the forefront of crypto adoption, with Korean exchanges seeing billions in daily volume and the country’s retail traders influencing global price trends. With KODA establishing itself as the market leader, this integration with Core will provide users with access to the native token of the Core blockchain, while also contributing to the development of regulated Bitcoin staking services in Korea.
The integration of Core with KODA is a significant step forward in expanding Bitcoin DeFi in Korea, paving the way for greater adoption and innovation in the space. Core, which is built to unlock Bitcoin staking, has already seen over 6,000 BTC staked since its launch in April 2024. With this integration, Korean institutions will soon have the opportunity to explore Bitcoin yield powered by Core directly, without compromising control of their BTC.
As part of this collaboration, Core is currently listed on Bithumb, providing access to the local market to use CORE and access on-chain products. Additionally, preparations are underway for potential regulation changes in the region that would enable institutions to access staking products with trusted custodians as the institutional on-ramp for Bitcoin yield in Korea.
With South Korea preparing to relax its restrictions on crypto trading for institutional investors, this integration comes at a pivotal moment. Core’s secure and sustainable approach to earning yield on Bitcoin will provide institutional investors in Korea with new opportunities in the evolving digital asset landscape.
Industry leaders such as BitGo, Hashnote, Maple, and Copper have already placed their trust in Core, and this integration will further expand access to innovative products like lstBTC, the liquid staking, yield-bearing token launched through a collaboration between Core and Maple.
In conclusion, the integration of Core with KODA represents a significant milestone in enhancing Bitcoin’s scalability and utility in Korea. As the country prepares for regulatory changes and increased institutional adoption of digital assets, this collaboration sets the stage for a new era of innovation and growth in the Korean crypto market.