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KDAC Expands into Blockchain with Validator Role on Injective
Korea Digital Asset Custody (KDAC), a prominent institutional digital asset custodian in South Korea, has officially launched a validator on Injective, a leading proof-of-stake (PoS) blockchain ecosystem. This strategic move marks KDAC’s commitment to bridging traditional finance with blockchain technology.
KDAC’s decision to support Injective as a validator stems from its recognition of the platform’s advanced technological capabilities and its shared vision of integrating traditional financial systems with on-chain solutions. As a custodian, backed by major Korean financial institutions such as NH Bank and Shinhan Bank, KDAC is dedicated to adhering to Korea’s stringent custodial regulations for web3.
The company uses air-gapped cold wallets and advanced multi-signature technology to ensure the secure storage and management of digital assets. By joining Injective’s validator network, KDAC will contribute significantly to the blockchain’s security and scalability.
In addition, this partnership highlights a growing institutional interest in decentralized technologies, positioning Injective as a leader in merging traditional industries with decentralized finance applications. The inclusion of KDAC is pivotal for Injective’s expansion into the Korean and broader Asian financial sectors.
South Korea is increasingly seen as a hub for technological innovation and Web3 adoption, with regulatory frameworks designed to foster innovation. This development underscores the increasing recognition of blockchain technology by institutional players in Asia.
Injective continues to attract significant institutional participation, with KDAC joining other notable validators such as NTT Digital, Stakewithus, gumi, and Galaxy Digital.
Source: Blockchain.News
