Orderly Network and KODA Forge Strategic Partnership to Accelerate Web3 Adoption in Korea
Seoul, South Korea, November 18th, 2024, Chainwire
Orderly Network, the leading cloud liquidity infrastructure for Web3 trading, has announced a strategic partnership with KODA, Korea’s largest cryptocurrency custodian. This collaboration marks a significant milestone in bridging traditional finance with the burgeoning world of decentralized finance (DeFi) in the Korean market.
Through this partnership, Orderly Network’s omnichain trading infrastructure and KODA’s established presence in traditional crypto custody unite to create a robust bridge between centralized and decentralized finance. This synergy will provide Korean investors with seamless access to the benefits of DeFi, whilst maintaining the security and familiarity of centralized custody solutions.
By leveraging KODA’s trusted reputation and Orderly Network’s plug-and-play infrastructure, this partnership aims to lower the barriers to entry for Korean investors interested in exploring DeFi opportunities, and paves the way for more traditional investors to venture into the world of DeFi.
KODA’s expertise in navigating Korea’s regulatory environment, combined with Orderly Network’s commitment to security and transparency, ensures that this partnership will operate within the bounds of local regulations while maintaining the highest standards of asset protection.
Orderly Network is a cloud liquidity infrastructure that revolutionizes trading by consolidating orders into a single shared orderbook across multiple chains. This unified liquidity landscape enhances trading efficiency, deepens liquidity, and delivers tighter spreads. Built on the OP Stack, the Orderly Chain utilizes Celestia for data availability and LayerZero for cross-chain messaging, serving as the settlement layer for all transactions. Orderly Network currently supports ETH Mainnet, Polygon, Arbitrum, Optimism, Base, Mantle, Solana, and SEI.
KODA, established as a joint venture by KB Kookmin Bank and Hashed, is a leading cryptocurrency custodian in South Korea, commanding approximately 80% of the market share. Backed by prominent investors such as Hashed and Altos Ventures, KODA is officially registered with domestic regulatory authorities and provides secure and transparent custody services to corporations and institutions. Under the leadership of CEO Jin-Seok Cho, KODA’s team, with substantial banking expertise, maintains high standards in security, compliance, and anti-money laundering practices.
As the Web3 ecosystem continues to evolve, Orderly Network and KODA play a crucial role in shaping the future of finance. Ran Yi, CEO of Orderly Network, said, “We want to make it easier than ever for investors of all levels and backgrounds to reap the benefits of DeFi. We’re excited to join forces with KODA to make this possible in Korea”. Jin-Seok Cho, CEO of KODA, expressed optimism about the expansion of the domestic digital asset market towards asset management services in the future. He 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”. By combining technological innovation with market expertise, this alliance is set to make significant strides in bringing the benefits of decentralized finance to the masses in Korea.
–
About Orderly Network
Orderly Network is a cloud liquidity infrastructure revolutionizing DeFi by consolidating trading across chains through a single shared orderbook, powered by the innovative Orderly Chain. Empowering limitless trading, Orderly creates a cohesive liquidity landscape that improves efficiency, delivers deeper liquidity with tighter spreads, and grants developers, traders, and exchanges access to over 50 markets through a unified trading infrastructure.
Learn more: https://orderly.network/
About KODA
KODA, founded as a joint venture by KB Kookmin Bank, is South Korea’s leading cryptocurrency custodian, holding around 80% of the market share. With support from major investors like Hashed and Altos Ventures, KODA is officially registered with local regulators and offers secure, transparent custody services for corporations and institutions. CEO Jin-Seok Cho, alongside a team with extensive banking experience, upholds rigorous standards in security, compliance, and anti-money laundering.
Learn more: https://kodax.com/
