Organized Network, an innovative cloud liquidity infrastructure solutions provider for decentralized finance or DeFi, has partnered with KODA, the leading cryptocurrency custody company from South Korea.
1/ We just partnered with KODA 💜
KODA, established as a joint venture by KB Kookmin Bank and @hashed_official, and is a leading cryptocurrency custodian in South Korea, commanding approximately 80% of the market share!
This will significantly boost our presence and… pic.twitter.com/uxiqEzm8C2
— Orderly Network (@OrderlyNetwork) November 19, 2024
This collaboration can be considered a significant step for Web3 market penetration in the Korean region and unifying traditional finance and decentralized finance (DeFi) markets. Orderly Network and KODA could deliver new benefits for Korean investors and open the door to DeFi, enabling investors to be more secure, accessible, and compliant in the digital economy space.
Merging Traditional and Decentralized Finance
The partnership brings together the strengths of both companies: KODA’s market leadership in crypto custody and Orderly Network’s robust cloud-based solutions for liquidity. South Korean crypto investment giant KODA, formed by the country’s major financial bank KB Kookmin and blockchain investment firm Hashed, holds an 80% market share in the Korean crypto custody sector. When combined with Orderly’s technology, such a reputation focuses on disrupting the way Korean investors engage in digital assets.
Simplifying Access to DeFi for Korean Investors
For Korean investors, one of the primary objectives of such collaboration is to remove barriers associated with decentralized trading platforms to make DeFi more attractive. Due to Orderly Network’s highly integrable nature of the product, users can engage with DeFi in a manner reminiscent of CEXes but offer the primary benefits of decentralized finance in the process.
The benefits of using KODA’s secure custody services to solve the issues of Korea’s stiff regulatory environment are an addition of a stable and compliant avenue that connects traditional and decentralized finance. This means investors in the decentralized finance space can maximize their investment without sacrificing fluidity and security.
Enhancing Trading Efficiency with Unified Liquidity
Through its groundbreaking architecture, Orderly Network integrates liquidity across various blockchain networks, enhancing the trading environment by providing deeper depth and lower spreads. The platform guarantees that users have diverse trading opportunities with minimal slippage by utilizing an order book that consolidates trades across multiple chains such as Ethereum, Polygon, Solana, and others.
Combined with its market approach, this infrastructure will enable Korean investors to access DeFi with fewer risks and complications through KODA. This partnership ensures that more people, especially new users, can easily join the DeFi market for investment without much hustle.
Leading the Way in Korea’s DeFi Evolution With Orderly Network
The strategic partnership is not just a business cooperation; it needs rapid reform of the digital finance environment in Korea. Jin-Seok Cho, the CEO of KODA, stated:
“Through our collaboration with the global leading firm, Orderly Network, we aim to play a leading role in ensuring that the domestic digital asset management market develops in a safe and transparent manner.”
The chief executive officer of Orderly Network, Ran Yi, also acknowledged the importance of this partnership and went on to note that the plan is to bring DeFi to all kinds of investors. When Orderly joins forces with KODA’s security and compliance capabilities, these two enterprises will be poised to take the region on a journey to decentralized finance.
This partnership is only the first step toward a larger strategy to develop DeFi in Korea. Through this collaboration, the KODA and Orderly Network teams will provide Korean investors with a smoother, safer, and more compliant way to enter the DeFi industry.
