Miden and KODA finalize Memorandum of Understanding, institutional-level privacy custody ushers in new breakthroughs

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Privacy-oriented blockchain platform Miden recently announced that it has officially signed a memorandum of understanding (MOU) with Korea Digital Asset (KODA), South Korea’s leading institutional-grade crypto asset custody service provider. The two parties will collaborate to build privacy protection and compliant digital asset infrastructure aimed at institutional investors, addressing the security and regulatory needs of traditional financial institutions entering the crypto space.

Privacy and Compliance in Tandem, Opening a New Era of Institutional Custody

The signing of this MOU marks the deep integration of privacy protection and financial regulatory compliance. The cooperation covers three core areas: first, developing privacy-preserving blockchain applications to ensure the confidentiality of institutional assets on-chain; second, establishing compliance frameworks that meet international standards, enabling institutions to conduct digital asset custody in a regulator-friendly environment; third, innovating financial use cases to provide traditional institutions with a secure and reliable entry channel.

KODA, as South Korea’s largest institutional-grade custody provider, possesses extensive compliance experience and market credibility, while Miden’s privacy technology advantages complement the shortcomings of traditional custody services. This partnership will help promote the healthy development of the institutional asset custody market.

Funding Support for Strategic Implementation, Accelerating Privacy Infrastructure Development

Miden has previously completed a $25 million seed round of funding, providing ample financial support for this deep collaboration with KODA. This funding will accelerate the research, development, and deployment of privacy and compliant digital asset infrastructure, further consolidating Miden’s leading position in the privacy blockchain field. As institutional-grade demand rises, the achievement of this MOU indicates that privacy protection and compliant custody will become standard features of future institutional crypto services.

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