KODA Secures $40 Million Custody Insurance as Korea Pushes Institutional Crypto Standards

Korea Digital Asset (KODA) said it has secured a dedicated digital-asset custody insurance policy with a coverage limit of up to $40 million, a move the firm described as the largest protection cap currently available in South Korea’s custody market. The policy, underwritten by KB Insurance, is designed to compensate clients if assets held in KODA’s custody are damaged, lost, or stolen.

KODA announced the agreement on July 30 (Tuesday UTC), positioning the expanded coverage as a response to rising institutional expectations for operational resilience and risk management as South Korea’s…  Read more

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