KODA

What KODA does

KODA (Korea Digital Asset Co., Ltd.) is a Seoul-headquartered Virtual Asset Service Provider founded in November 2020 that delivers digital asset custody services to South Korean corporate and institutional investors. The company operates from 9F, 238 Teheran-ro, Gangnam-gu, Seoul, and holds VASP Registration No. 2025-04. As of H2 2024, KODA commanded 86.6% of the Korean assets-under-custody market with $0.9B AUC out of a $1.1B total addressable market, per the Financial Services Commission's Virtual Asset Service Provider Survey.

KODA's core product is an integrated digital asset custody platform built on 100% offline, physically isolated cold wallet storage combined with MPC (Multi-Party Computation) multi-signature authentication that ensures no single key compromise can result in asset loss. The platform supports digital assets issued on 15+ mainnets including Bitcoin, Ethereum, Base, Solana, BNB Chain, Avalanche, Aptos, Arbitrum, Polygon, Kaia, and Core. Built on the custody core, KODA offers staking (delegation for network rewards), OTC trading, circulation and lock-up management for issued or reserved tokens, enterprise access control with multi-approval workflows, comprehensive certification for legal/accounting/tax purposes, and multi-layered security (OTP, IP whitelisting). KODA is integrated with VerifyVASP and 15+ Korean VASPs for Travel Rule compliance.

KODA operates a sales-led, enterprise-focused go-to-market with quote-based annual subscription pricing not publicly disclosed, targeting corporate treasuries and institutional investors. Revenue streams combine recurring custody subscriptions, usage-based staking fees, and OTC transaction fees. Backed by KB Bank (Korea's largest bank), Hashed, and Altos Ventures, KODA has secured a pre-Series A in May 2024 and a ~100 billion KRW (~$70M) Series A in November 2025. The company has obtained ISMS, SOC1 Type 2 (Samil PwC), and Venture Business certifications, and holds Korea's largest digital asset insurance policy ($20M with Samsung Fire & Marine).

Name

KODA

Legal name

Korea Digital Asset Co., Ltd.

Website

https://kodax.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

KODA is a Seoul-based digital asset custody provider for South Korean corporate and institutional investors, controlling 86.6% of domestic assets-under-custody market as of H2 2024. It offers cold wallet storage, MPC security, staking, OTC trading, and compliance across 15+ mainnets.

Ownership category

akta.pro rank

Product category

Digital Asset Custody

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Finance and Insurance (52)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221), Finance Services (6199)

akta.pro primary industry

Digital Asset Custody (Institutional Crypto Custody) (FSAFAHAH)

akta.pro secondary industries

Custody Technology Platforms (Custody-as-a-Service) (FSADACAB), Institutional Qualified Custody (Banks/Trust Companies) (FSADACAA), Multi-Signature Wallets & Governance Controls (FSADACAG), Transaction Policy Controls & Wallet Security (Allowlisting, Limits, Approvals) (FSADACAI), Custody Insurance & Risk Transfer (Digital Asset Custody) (FSADACAL)

Keywords

• Digital asset custody
• Institutional crypto custody
• Virtual asset services
• Cold wallet storage
• Digital asset staking

Headquarters

HQ city

Seoul

HQ country

South Korea

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Digital Asset Custody Services: Secure storage and management of digital assets for corporate and institutional clients with withdrawal validation and comprehensive custody features.
2. Staking Services: Asset delegation to participate in blockchain networks and earn rewards from network participation.
3. OTC (Over-the-Counter) Trading: OTC trading services for institutional clients as part of expanded financial services.
4. Enterprise-Customized Features: Access control, comprehensive certification for legal/accounting/tax purposes, and circulation/lock-up management for enterprise clients.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels2 records

Core offering

KODA provides secure digital asset custody services for corporate and institutional investors, combining 100% offline cold wallet storage with MPC-based multi-signature key management. Its integrated service line covers custody, staking (delegation to blockchain networks for rewards), OTC trading, circulation and lock-up management for issued/invested tokens, enterprise access control with multi-approval workflows, and comprehensive compliance certification for legal, accounting, and tax purposes.

Product overview

KODA (Korea Digital Asset) operates as a unified digital asset custody platform for corporate and institutional investors, combining secure cold wallet storage, MPC-based key management, and VASP-licensed operations into a single integrated service. The core offering is the KODA Custody platform, which encompasses cold wallet storage (100% offline, physically isolated), MPC multi-signature authentication, and regulatory compliance capabilities. Built on top of this core, KODA offers sub-products including Staking (delegating assets to blockchain networks for rewards), Circulation & Lock-up Management (managing token supply and vesting schedules), Access Control (customizable enterprise permissions and multi-approval workflows), Comprehensive Certification (compliance certificates for legal, accounting, and tax), and Multi-Layered Security (OTP, IP whitelisting). The platform supports assets issued on over 15 mainnets including Bitcoin, Ethereum, Base, Solana, Binance Smart Chain, Avalanche, Aptos, Arbitrum, Polygon, Kaia, and Core.

Differentiator

Problem solved

Functional benefit

Products and services

• KODA Custody
• OTC (Over-the-Counter) Trading
• Staking

Quantifiable outcome

• 86.6% market share in assets under custody in Korea (H2 2024)
• +2 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration18 records

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Jito FoundationcoreStrategic or Co-development Partner · 13 April 2026MOU for custody and staking support for JitoSOL in South Korea. Partnership aims to attract institutional investors amid ongoing regulatory preparations in the country.
• MidencoreStrategic or Co-development Partner · 27 January 2026MOU signed on institutional digital asset infrastructure development and collaboration.
• Samil PwCcoreImplementation/ SI/ Consulting Partner · 1 June 2025Contract for SOC1 Type 2 certification, verifying and validating KODA's internal controls for custody operations.
• AdamminorStrategic or Co-development Partner · 1 March 2025Strategic MOU for strengthening security in the education sector's virtual assets through collaborative efforts.
• BitMaxminorStrategic or Co-development Partner · 1 February 2025Business MOU for Bitcoin as a strategic asset, marking the beginning of Bitcoin strategy implementation.
• Samsung Fire & Marine InsurancecoreOthers$20M digital asset insurance coverage, Korea's highest level of digital asset insurance and the first digital asset insurance among VASPs in Korea.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• BitGo: One of the largest institutional crypto custodians, offering cold storage, multi-sig wallets, and staking across many chains. Closely comparable to KODA's multi-network custody platform with MPC and multi-chain support.
• Fireblocks: Custody-as-a-service platform providing MPC-based wallet infrastructure, policy controls, and staking for institutional clients. Comparable to KODA's MPC architecture, transaction policy controls, and staking offering.
• Anchorage Digital: Federally chartered crypto bank in the US providing institutional digital asset custody, staking, and settlement services. Directly comparable to KODA's institutional custody-plus-staking offering with regulatory-first positioning.
• Gemini Custody: New York Trust company offering qualified custody for digital assets with insurance. Comparable regulatory-first institutional custody model to KODA's VASP-licensed, certified approach.
• Hexlant: Korean digital asset custody and blockchain infrastructure provider. Domestic competitor in the Korean VASP market with overlapping custody, staking, and Travel Rule compliance services.
• Cobo: Asia-based institutional digital asset custody and wallet infrastructure provider with MPC and cold storage. Comparable to KODA's MPC-based custody platform serving institutional clients across Asian markets.

Broad incumbents

• Coinbase Custody: Institutional digital asset custodian operated by Coinbase, serving hedge funds, corporates and asset managers with cold storage and insurance. Most direct global comparison to KODA in terms of institutional custody focus and regulatory positioning.

Regional players

• OSL: Hong Kong-licensed digital asset platform providing institutional custody, brokerage, and SaaS. Comparable regulated Asian institutional custody and staking provider.
• HashKey Custody: Hong Kong-based licensed digital asset custodian serving institutional clients across Asia. Comparable Asian institutional custody offering, though operating under different regulatory framework than Korea.

Others

• Haechi Labs: Korean blockchain technology company providing custody system maintenance services to KODA. Adjacent infrastructure partner and technology enabler in the Korean VASP ecosystem.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks2 records

Key highlights6 records

Customer concentration

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds2 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about KODA