- KDAC joins Injective as a validator, strengthening blockchain security and expanding institutional adoption in Korea’s financial sector.
- Injective collaborates with Sonic SVM to integrate Solana’s ecosystem using IBC, enhancing cross-chain AI capabilities.
Korea Digital Asset Custody (KDAC), one of South Korea’s leading digital asset custodians, has introduced a new validator for the Injective network. This step is unambiguous proof that big financial firms are growingly concerned about implementing blockchain technologies. Now, especially in the Asian market, the injective ecosystem is much more robust thanks to KDAC as a validator.
Korea’s leading institutional custodian has now launched a brand new validator to grow and operate the Injective network.
KDAC is Korea’s premier digital asset custody service, with shareholders including major Korean financial institutions such as NH Bank and Shinhan Bank.
By… pic.twitter.com/Ssu51LOHiE
— Injective 🥷 (@injective) February 4, 2025
How KDAC Brings Blockchain Closer to Traditional Finance
KDAC is not a new name in the industry, giant banking like NH Bank and Shinhan Bank back them. Moreover, KDAC is the only crypto custodian in Korea with SOC 1 Type 2 accreditation, therefore demonstrating its adherence to rigorous rules.
Having a solid history, the inclusion of KDAC as an injective validator could be a calculated move toward bringing blockchain technology closer to South Korea’s traditional financial industry. On the other hand, this also opens the path for additional establishments to start engaging in the decentralized blockchain network.
KDAC Joins Injective: Boosting Security and Market Reach
Regarding injective, it is absolutely welcome news that KDAC will be a validator. Apart from enhancing network security, this enables Injective to enter the institutional market in Asia and hence increase their presence. KDAC now participates in the exclusive validator ranks of Injective, comprising reputable companies including NTT Digital, Stakewithus, Gumi, and Galaxy Digital.
Moreover, this action could be a message to investors and the blockchain community that Injective is progressively considered on a worldwide scale. The project has more solid basis to keep expanding with a better validator network.
Expands AI and Blockchain Integration
On the other handm, CNF previously reported that Helix, their decentralized exchange, has launched the AI Index Perpetual Market (AIX). AIX offers a way for investors to gain exposure to several AI initiatives without having to purchase every token separately. The offering comprises six top AI stocks like Nvidia and Palantir in addition to ten AI tokens including TAO, FET, and AI16Z.
Not only that. As we previously reported, Injective has teamed with Sonic SVM to introduce the first cross-chain artificial intelligence Agent Hub. By means of Sonic’s HyperGrid technology and Inter-Blockchain Communication Protocol (IBC), this hub combines the Solana and Injective environments. This creativity not only addresses the banking industry but also starts to link artificial intelligence with blockchain.
Injective’s expansion into the Korean market, as well as collaboration with other AI and blockchain initiatives, strengthens its position as one of the top blockchain networks.
Meanwhile, as of press time, INJ is trading about $14.10, up 3.04% over the last 24 hours, Its market capitalization raise to $1.4 billion further shows that market enthusiasm in this blockchain is still great.
Read the full article here
