BDACS enables institutional XRP custody, expanding secure access to one of South Korea’s most traded digital assets under full regulatory compliance.
The launch marks BDACS’s deepening partnership with Ripple, aligning with Korea’s roadmap for institutional crypto infrastructure and digital asset growth.
Integrated with Upbit, Coinone, and Korbit, BDACS now facilitates XRP deployment across Korea’s leading exchanges through trusted custody support.
XRP custody support is now live on BDACS, a regulated institutional-grade digital asset custodian in South Korea, expanding Ripple’s footprint in the region’s financial infrastructure.
BDACS Adds XRP to Custody Offerings for Institutions
BDACS has officially announced the launch of XRP custody services for institutional clients across South Korea. The firm described XRP as one of the most actively traded digital assets in the country. This addition is designed to meet growing institutional demand for secure digital asset management.
In a post shared on X (formerly Twitter), BDACS stated, “XRP is now live on BDACS! We’re thrilled to offer custody support for #XRP, one of the most popular digital assets in #Korea.” The announcement also emphasized that this move reinforces BDACS’s partnership with Ripple and commitment to the South Korean market.
With integrations into the nation’s top exchanges—Upbit, Coinone, and Korbit—BDACS clients can now deploy XRP in a fully compliant environment. This infrastructure ensures accessibility for institutional investors seeking exposure to XRP within regulated trading venues.
Ripple’s Strategy in South Korea Aligns with Regulatory Goals
Earlier in the year, Ripple Labs confirmed its collaboration with BDACS to offer custody solutions for both XRP and its stablecoin, RLUSD. Ripple described the partnership as aligned with South Korea’s regulatory framework aimed at supporting institutional crypto adoption.
The Financial Services Commission of South Korea has outlined a regulatory roadmap, which this development closely follows. The deal also supports the XRP Ledger ecosystem and could extend RLUSD’s use, particularly within Busan’s blockchain regulation-free zone.
The partnership has long-term goals since Ripple cited a study that indicated that the crypto custody market would be over 16 trillion dollars by 2030, and further is that tokens of the asset would be worth more than 10% of the world's GDP, which is a sign that the partnership has long-term goals.
Institutional Confidence in XRP Continues to Build
XRP maintains a strong presence among South Korean retail and institutional investors due to its global transaction capabilities. The latest move by BDACS to add XRP to its custody offerings is expected to attract more institutional activity.
BDACS commented, “We are thrilled to offer custody support to our institutional clients.” The announcement is seen as part of a broader effort to legitimize digital assets as a core part of South Korea’s financial sector.
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