KODA hires Park Sung-woo, former CTO of Toss Securities and Samjjeomsam, to enhance its services.

Korea Digital Asset (KODA), a cryptocurrency custody company, announced on the 17th that it has hired Park Seong-woo, its Chief Technology Officer (CTO), who was in charge of financial service development at Toss Securities and Samcheongsam.

CTO Park is a technology expert in the financial and fintech sectors, with over 17 years of technology development experience at companies such as Naver, Coupang, Toss Securities, and Jarvis & Villains (Samjjyeonsam). At Toss Securities, he was an early member, building domestic and international stock services. Later, as CTO at Samjjyeonsam, he established the infrastructure and monitoring system to ensure service operation even in high-traffic environments. He designed the system to ensure stable service operation even during peak user periods, such as the comprehensive income tax filing period.



With the appointment of CTO Park, KODA plans to enhance the technology of its entire custody infrastructure. It also plans to strengthen the stability and scalability of its services, focusing on institutional clients. KODA will also pursue enhancements to its custody services and cold wallet security system to address the growing demand for corporate virtual currency.

CTO Park stated, "We've been carefully considering the balance between stability and scalability throughout the development of our financial services. Building on this experience, we will solidify our technological foundation to provide institutional investors with trustworthy custody services."

“We will elevate the competitiveness of KODA’s custody infrastructure to the next level by recruiting talent with both an understanding of the financial and fintech domains and technical expertise,” said Cho Jin-seok, CEO of KODA.

KODA is a cryptocurrency custody company jointly founded by KB Kookmin Bank and Hashed. It provides regulatory-compliant cryptocurrency infrastructure to corporations and institutional investors. It recently secured KRW 10 billion in Series A funding, with participation from Hanwha Investment & Securities, IBK Capital, and Kyobo Securities. KODA is currently undergoing SOC1 certification review by Samil PricewaterhouseCoopers and has signed a $20 million insurance contract with Samsung Fire & Marine Insurance, the first of its kind in Korea.

Reporter Do Ye-ri