Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Finance
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Privacy-focused Miden, Korea Digital Asset a
Finance
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Privacy-focused Miden, Korea Digital Asset a
Privacy-focused Miden, Korea Digital Asset agree to build crypto infrastructure for institutional adoption
7 min read
Privacy-focused Miden, Korea Digital Asset agree to build crypto infrastructure for institutional adoption
The partnership focuses on privacy, compliance and standards for regulated digital-asset adoption in South Korea.
By Will Canny, AI Boost|Edited by Nikhilesh De
Jan 27, 2026, 2:00 p.m.
Make us preferred on Google
Miden, Korea’s KODA sign MOU on institutional digital asset infrastructure. (Unsplash, modified by CoinDesk)
What to know:
- Miden has signed an MOU with Korea Digital Asset (KODA), the country’s largest institutional crypto custodian.
- The partnership targets privacy-preserving infrastructure for regulated digital finance.
- The move follows regulatory progress in South Korea, including expanded rules for corporate crypto accounts and other institutional use cases.
Financial institutions may be returning to South Korea's crypto market and privacy-focused blockchain project Miden is trying to get ahead of the curve.
Miden has signed a strategic 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 in the country, the company said in a press release Tuesday.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Sign me up
The partnership brings together KODA’s custody platform and regulatory experience with Miden’s privacy-preserving blockchain technology, which is designed to support compliant financial applications, the companies said.
The partnership comes as South Korean financial institutions eye a return to digital assets, after the country’s top regulator signaled it may roll back a nine-year ban on corporate participation. The Financial Services Commission is considering rule changes that would allow companies to hold and trade cryptocurrencies.
The FSC moved in 2017 to rein in banks’ and corporations’ direct crypto trading through regulatory guidance, part of a broader push that also introduced tighter supervision of exchange access via real-name accounts. Officials said the measures were aimed at cooling what they called overheated speculation and strengthening safeguards against money laundering.
The agreement comes as South Korea continues to expand its institutional digital-asset framework. Recent regulatory developments include approval for corporate digital-asset accounts and ongoing discussions around bitcoin BTC$87,703.67 spot exchange-traded funds (ETFs), both of which have increased interest from traditional financial institutions.
KODA was jointly founded by KB Kookmin Bank, one of South Korea’s largest commercial banks, and blockchain investment firm Hashed.
Miden is a blockchain infrastructure company focused on privacy-preserving financial applications. The platform uses zero-knowledge technology to enable selective privacy while supporting compliance and future security requirements.
"Miden is built for institutions that want to build on blockchains but want privacy. Korea is a massive opportunity because it already has a strong crypto culture and now its institutions are set to participate in greater numbers following the FSC's new rules," Azeem Khan, cofounder of Miden, said in emailed comments.
Read more: Bitcoin Asset Manager Parataxis to Go Public in $400M SPAC Deal Backed by SilverBox
KODASouth KoreaExclusive CustodyPrivacyInstitutional Adoption
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
Pudgy Penguins: A New Blueprint for Tokenized Culture
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
View Full Report
More For You
Standard Chartered says U.S. regional banks most at risk in $500 billion stablecoin shift
The delay of market structure legislation highlights a growing threat to domestic lenders as digital dollars begin to cannibalize traditional bank deposits.
What to know:
- Standard Chartered warned that U.S. regional banks are the most exposed to stablecoin disruption due to their heavy reliance on net interest margin (NIM) for revenue.
- The bank projected that one-third of the growing stablecoin market will be sourced from developed market bank deposits, totaling an estimated $500 billion outflow by 2028.
- A legislative standoff over whether stablecoin providers can pay interest is stalling market structure legislation, though Standard Chartered still expects a March passage.
Read full story
Latest Crypto News
HYPE token surges 24% as silver futures volume soars on Hyperliquid exchange
WH advisor Patrick Witt: Davos 2026 was ‘turning point’ for global crypto normalization
Standard Chartered says U.S. regional banks most at risk in $500 billion stablecoin shift
CoinDesk 20 Performance Update: Bitcoin Cash (BCH) Gains 2% While Index Declines
Crypto money laundering balloons to $82B as Chinese-language services dominate, Chainalysis says
Galaxy Digital leads $7M investment in Tenbin to build improved tokenized gold and FX markets
Top Stories
Tether takes the fight to Circle with a new 'made in America' stablecoin
Trump family-backed American Bitcoin lifts bitcoin holdings to nearly 5,900 coins
Bitcoin, ether stall as metals steal spotlight in low-liquidity trade: Crypto Markets Today
Polymarket's Volmex contracts open a new path to trading bitcoin, ether volatility
Millions in crypto wealth at risk of vanishing when holders die. Here's how to protect it
Senate Agriculture panel delays market structure hearing to Thursday after winter storm
Latest Crypto News
HYPE token surges 24% as silver futures volume soars on Hyperliquid exchange
WH advisor Patrick Witt: Davos 2026 was ‘turning point’ for global crypto normalization
Standard Chartered says U.S. regional banks most at risk in $500 billion stablecoin shift
CoinDesk 20 Performance Update: Bitcoin Cash (BCH) Gains 2% While Index Declines
Crypto money laundering balloons to $82B as Chinese-language services dominate, Chainalysis says
Galaxy Digital leads $7M investment in Tenbin to build improved tokenized gold and FX markets
Top Stories
Tether takes the fight to Circle with a new 'made in America' stablecoin
Trump family-backed American Bitcoin lifts bitcoin holdings to nearly 5,900 coins
Bitcoin, ether stall as metals steal spotlight in low-liquidity trade: Crypto Markets Today
Polymarket's Volmex contracts open a new path to trading bitcoin, ether volatility
Millions in crypto wealth at risk of vanishing when holders die. Here's how to protect it
Senate Agriculture panel delays market structure hearing to Thursday after winter storm
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Michael Saylor’s Strategy follows Metaplanet, adding 6,269 BTC worth $729 million
The post Michael Saylor’s Strategy follows Metaplanet, adding 6,269 BTC worth $729 million appeared on BitcoinEthereumNews.com. The two giant BTC holders, Strategy and Metaplanet, have stirred the waters despite the FUD in the Bitcoin market by acquiring a total of 6,269 Bitcoins. According to reports, Strategy has acquired 850 BTC while Metaplanet has acquired a bumper 5,419 tokens. Michael Saylor’s Strategy, the world’s largest corporate Bitcoin holder, purchased BTC worth $99.7 million at $117,344 per Bitcoin. This has brought its total Bitcoin holdings to 639,835 BTC, acquired for about $47.3 billion at $73,971 per Bitcoin. JUST IN: Strategy buys 850 BTC for $99.7M at $117,344 per BTC. Now holds 639,835 $BTCTotal spent: $47.33B Avg cost: $73,971 per BTCYTD BTC yield: 26.0% https://t.co/7iv2difHzR pic.twitter.com/O8WfDpJDxQ — Cryptopolitan (@CPOfficialtx) September 22, 2025 On the other hand, as reported by Cryptopolitan, Metaplanet purchased BTC worth $632.53 million at an average price of roughly $116,724 per Bitcoin. This has brought its total BTC holdings to 25,555 BTC, which was acquired for approximately $2.7 billion and purchased at an average price of $106,065 per BTC. Strategy slows down BTC purchase while Metaplanet adds speed The US company’s most recent Bitcoin purchase is in line with a recent trend of small purchases, showing a slowdown compared to the big purchases seen earlier this year. Strategy bought 3330 Bitcoin in September, which is a big drop from the 7,714 BTC it bought in August and a 75% drop from the 31,466 BTC it bought in July. In line with Bitcoin, Strategy’s stock has dropped about 2% in the last 30 days. Starting in 2020, the company put most of its money into Bitcoin. It used a mix of debt and stock to buy huge amounts of BTC, which turned the business intelligence software company into a Bitcoin giant. Still, the stock has gone up 2,200% since it started buying BTC. On the other hand,…
Share
BitcoinEthereumNews2025/09/22 22:54
Payward Revenue Hits $2.2 Billion as Kraken Exchange Reports Strong 2025 Growth
TLDR Payward, Kraken’s parent company, earned $2.2 billion in 2025, a 33% increase from 2024’s $1.6 billion Trading revenue and asset-based services each contributed
Share
Blockonomi2026/02/04 20:11
Super Micro Computer (SMCI) Stock: Revenue Soars Past $12B on AI Server Boom
TLDR Revenue hit $12.7 billion, crushing $10.42 billion estimate and up 123.4% year-over-year EPS of $0.69 beat consensus $0.49 by 40.8% in fiscal Q2 Q3 guidance
Share
Blockonomi2026/02/04 20:36
