Miden, Korea’s KODA sign MOU on institutional digital asset infrastructure

Privacy-focused blockchain project Miden has signed a Memorandum of Understanding (MOU) with Korea Digital Asset (KODA), South Korea's largest institutional digital-asset custodian, to collaborate on infrastructure and standards for regulated digital-asset adoption. This partnership integrates KODA’s custody platform and regulatory expertise with Miden’s privacy-preserving blockchain technology, which utilizes zero-knowledge technology to support compliant financial applications. The move comes as South Korean financial institutions are showing renewed interest in digital assets following signals from the Financial Services Commission (FSC) that it may relax a nine-year ban on corporate crypto participation. KODA was co-founded by KB Kookmin Bank and Hashed, and Miden's co-founder, Azeem Khan, noted that South Korea presents a massive opportunity due to its strong crypto culture and impending institutional entry under new FSC rules.

(Source：CoinDesk)