Jito Foundation has signed a memorandum of understanding with Korean digital asset custodian KODA to explore institutional custody and support JitoSOL in the local market. The agreement includes outreach to institutional investors and the development of compliant custody and staking pathways. This comes as South Korea's Financial Services Commission is expected to finalize a digital asset regulatory framework later this year. The Jito Foundation plans to work with Hanwha Asset Management to develop a Jito-SOL exchange-traded fund in South Korea, pending regulatory approval. The move comes amid efforts by South Korean regulators to tighten tighter controls on the crypto sector following a payout error at crypto exchange Bithumb.