South Korean Digital Asset Company KODA to Provide Hosting Services for Polygon’s Main Network

On April 24th, according to Hankyung, South Korean Digital Asset Company (KODA) announced a commercial agreement with Polygon Labs to provide hosting services for Polygon’s main network and collaborate to support Polygon based projects. KODA is a joint venture established by KB National Bank, Hashed, and Haechi Labs, and is a virtual asset custody service company in South Korea.

KODA, a South Korean digital asset custody company, will provide custody services for Polygon’s main network

On April 24th, South Korean digital asset company KODA announced a commercial agreement with Polygon Labs to provide hosting services for Polygon’s main network and collaborate to support Polygon-based projects. KODA, a joint venture established by KB National Bank, Hashed, and Haechi Labs, is a virtual asset custody service company in South Korea.

What is KODA?

KODA is a digital asset custody service company established by three of the most prominent and reputable organizations in South Korea – KB National Bank, Hashed, and Haechi Labs. The company offers its customers a secure and reliable way to store their digital assets, ensuring proper safety measures and protection against potential cyber-attacks.

The Partnership with Polygon Labs

Polygon, formerly known as Matic Network, is a protocol and framework for building and connecting Ethereum-compatible blockchain networks, and its main purpose is to increase scalability, interoperability, and developer experience. It is a rapidly growing platform, hosting over 400 Dapps and has more than 9 million unique Ethereum wallets.
KODA will provide hosting services for Polygon’s main network as a part of its efforts to expand its business in the global market. Additionally, the two companies will collaborate to support Polygon-based projects, thereby capitalizing on their respective strengths.

The Rationale Behind the Partnership

The partnership between the two companies is driven by the increased demand for decentralized finance (DeFi) projects, which Polygon has been catering to with its platform. The collaboration with KODA will further cement Polygon’s position as a reliable DeFi platform with secure and safe storage for digital assets.
KODA, on the other hand, will leverage its partnership with Polygon to expand its business into the global market, creating more opportunities to offer secure and reliable digital asset storage solutions to a wider customer base.

The Benefits of the Partnership

The partnership between KODA and Polygon Labs presents numerous advantages for both organizations. KODA will benefit from the increased exposure to a larger market by providing hosting services for Polygon’s main network. Furthermore, the partnership will put KODA in an advantageous position to expand its business globally.
On the other hand, the partnership will allow Polygon Labs to offer its customers a more secure and reliable storage solution for their digital assets. It is crucial to note that security is a paramount concern for customers who use DeFi platforms, and a partnership with a reputable company like KODA is essential in providing the necessary security.

Conclusion

In conclusion, the partnership between KODA and Polygon Labs is a significant development in South Korea’s digital asset industry. It will expand the reach of KODA’s digital asset storage solutions and further cement Polygon’s position as a reliable DeFi platform. The collaboration between the two companies is also an opportunity to create value for their customers and the DeFi industry at large.

FAQs

1. What is KODA?
KODA is a digital asset custody service company established by three of the most prominent and reputable organizations in South Korea – KB National Bank, Hashed, and Haechi Labs.
2. What is Polygon?
Polygon is a protocol and framework for building and connecting Ethereum-compatible blockchain networks, with the main purpose of increasing scalability, interoperability, and developer experience.
3. What are the benefits of the partnership between KODA and Polygon Labs?
The partnership between KODA and Polygon Labs will see KODA providing hosting services for Polygon’s main network, expanding the reach of the organization’s digital asset storage solutions. The collaboration will also allow Polygon Labs to offer its customers a more secure and reliable storage solution for their digital assets.