BDACS, the regulated digital custodian qualified for institutional services in South Korea, announced on August 5 the commencement of custody and management services for XRP, following the strategic partnership announced with Ripple in February 2025. 🤝
This step is part of BDACS's efforts to provide a safe and regulatory-compliant environment ⚖️ to facilitate institutional entry into the digital asset market. The support also includes the stablecoin RLUSD linked to the US dollar 💵, opening new prospects for the use of digital currencies in institutional operations.
The partnership supports the growth and development of applications built on the XRP Ledger, known for its speed ⚡ and efficiency in low-cost transfer operations 💸, at a time when South Korea is moving to enhance institutional participation in the digital assets sector within a strict regulatory framework.
Forecasts indicate that the volume of digital assets under custody could reach $16 trillion by 2030 📈, highlighting the importance of partnerships like this to support the infrastructure necessary for market growth.
It is worth noting that BDACS is also working with leading companies such as Avalanche and Polymesh, in addition to its collaboration with Woori Bank 🏦, and is active in blockchain projects in the Busan region of regulation. 🌐
At the time of the announcement, the price of XRP was around $2.97 with a slight decline of 3.4% over 24 hours 📉, yet this initiative remains a positive indicator for supporting the stability and growth of the currency in Asian markets. 🌏
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