Korea Digital Asset Custody (KDAC), the leading institutional digital asset custodian in Korea, has become a new validator on Injective, one of the world’s leading proof-of-stake (PoS) blockchain ecosystems.

KDAC selected Injective as one of the first blockchains to support as a validator because of its cutting-edge technology and shared vision at bringing traditional finance and on-chain finance closer together.

What is KDAC?

KDAC is Korea's premier digital asset custody service, with shareholders including major Korean financial institutions such as NH Bank and Shinhan Bank. The company has distinguished itself as the only crypto custodian in Korea to acquire internal control certification (SOC 1 Type 2) for financial reporting for its clients, a rare feat as Korea has some of the strictest custodial regulations for web3. KDAC currently stores crypto assets for nearly 100 large institutional companies in accordance with external regulatory and accounting guidelines.

KDAC aims to enhance market integrity by providing secure storage and management of digital assets. They use air-gapped cold wallets to store digital assets, which operate in an environment physically isolated from online networks. The company employs advanced multi-signature technology to strengthen security.

KDAC’s Role in the Injective Ecosystem

By becoming a validator, KDAC strengthens Injective's global validator set, ensuring greater security and scalability. KDAC joins the ranks of prominent companies and institutions that have joined Injective as validators, including NTT Digital, Stakewithus, gumi, and Galaxy Digital.

The addition of KDAC as a validator is particularly important for Injective's expansion into the Korean market and broader Asian financial sector. Korea has emerged as a critical hub for technological advancement and Web3 adoption, with a robust crypto market and forward-thinking regulations that aim to drive innovation.

Institutional Expansion of Injective

The onboarding of KDAC, Korea's largest crypto custodian, signals a broader institutional shift towards decentralized technologies in the Asian market. As more institutional players recognize the value of blockchain and Web3, Injective continues to lead the charge in bringing together traditional industries and novel applications across decentralized finance.

KDAC's participation will help Injective bring institutional-grade security and performance to the network, making it an attractive platform for both developers and users in the growing decentralized ecosystem, particularly in the Korean and broader Asian markets.

About Injective

Injective is a lightning fast interoperable layer one blockchain optimized for building the premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.