1. BDACS introduces XRP custody services for South Korean institutions following Ripple partnership.

2. South Korea’s BDACS integrates XRP with major exchanges for institutional use.

3. Ripple-backed BDACS enables secure custody services for XRP in South Korea’s regulatory framework.

4. BDACS brings institutional custody for XRP, enhancing South Korea’s digital asset market.

South Korean crypto custodian BDACS has officially launched institutional custody for XRP, a highly traded digital asset. This follows a partnership agreement signed in February with Ripple, the company behind XRP, ensuring that institutions now have regulated access to XRP through BDACS’s enterprise-grade custody solution, Ripple Custody. The rollout of this service enables institutions to securely store and manage XRP, further solidifying Ripple’s presence in South Korea.

The integration is particularly important as it aligns with South Korea’s evolving regulatory framework for digital assets. The Financial Services Commission has been working on policies to support institutional participation in the crypto market, making this launch timely and significant.

Regulatory Compliance and Integration with Major Exchanges

BDACS’s announcement also mentions its collaboration with South Korea’s top exchanges, including Upbit, Coinone, and Korbit. This allows institutional clients to seamlessly use XRP across these platforms in a fully regulated manner.

The integration with these exchanges is crucial for ensuring that XRP custody remains compliant with local regulations, providing both security and transparency for institutional clients.

XRP is now live on BDACS!

We’re thrilled to offer custody support for #XRP, one of the most popular digital assets in #Korea, to our institutional clients. This launch strengthens our long-standing partnership with #Ripple and underscores our commitment to the Korean market.… pic.twitter.com/j8IKSBr7W7

— BDACS (@BDACSKorea) August 5, 2025

BDACS emphasized its role in supporting Ripple’s goals of expanding XRP use cases, particularly for enterprises. The custody service helps facilitate the tokenization of assets and the adoption of stablecoins, aligning with Ripple’s broader mission of enhancing global payments and asset transfer solutions.

Growing Importance of XRP in South Korea

XRP is widely recognized as one of the most popular digital assets in South Korea. Its adoption continues to grow as both retail and institutional investors in the region show strong interest in its utility for global transactions.

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BDACS’s move to offer custody for XRP signals not only a deepening relationship between Ripple and South Korea but also an increasing interest in making the digital asset ecosystem a legitimate part of South Korea’s financial infrastructure.

“XRP is one of the most actively traded digital assets in Korea, and we are thrilled to offer custody support to our institutional clients,” BDACS noted. This launch will likely bolster the confidence of institutional investors who are increasingly turning to cryptocurrencies for their portfolio diversification strategies.

Ripple Role in Expanding the Custody Market

Ripple’s strategic partnership with BDACS is part of the company’s broader plan to integrate XRP into the financial services sector. Ripple has consistently emphasized the growing importance of tokenized assets, with projections indicating that the crypto custody market could reach $16 trillion by 2030.

By supporting both XRP and RLUSD, Ripple’s US dollar-backed stablecoin, Ripple is helping to expand the range of services available to institutional clients.

Ripple’s managing director for Asia-Pacific, Fiona Murray, stated that the partnership aligns with South Korea’s vision of making digital assets a key component of its financial infrastructure. She pointed out that the collaboration is an essential step toward the development of secure and compliant custody services that meet the requirements of both Ripple’s blockchain initiatives and the country’s financial sector.

Impact on South Korea’s Crypto Adoption

South Korea has been at the forefront of crypto adoption, with a high level of participation across all age groups. Recent reports have shown that over 25% of Koreans aged 20 to 50 own cryptocurrency, and the country’s financial institutions have also shown growing interest in stablecoins.

This indicates a growing confidence in digital assets as part of the mainstream financial system, particularly for wealth management and retirement planning.

As more traditional banks, such as Kakao Bank and Kookmin Bank, explore the possibility of launching Korean won stablecoins, the integration of XRP custody into the financial ecosystem will likely accelerate the adoption of blockchain-based financial solutions.