BDACS & Ripple’s Big Move:
Institutional XRP Custody Arrives in Korea
Curious how XRP is going mainstream in one of Asia’s most crypto-savvy markets? South Korea’s premier custodian BDACS has just flipped the switch on regulated, enterprise-grade custody for XRP—thanks to a fresh partnership with Ripple. Here’s what you need to know:
Partnership Launch
BDACS and Ripple teamed up in February, and as of this week, Korean institutions can now use Ripple Custody to securely store and manage XRP on-chain (Cointelegraph).
Seamless Exchange Integration
BDACS has hooked into the nation’s top trading venues—Upbit, Coinone, Korbit—so institutional clients can move XRP between custody and trading accounts in full regulatory compliance.
Market Rationale
South Korea’s Financial Services Commission is pushing for clearer rules around institutional crypto. This custody service aligns perfectly with that roadmap, giving firms a trusted on-ramp to one of the world’s most traded assets (Cointelegraph).
Ecosystem Impact
With global crypto custody projected to hit $16 trillion by 2030, this move cements XRP’s role as a serious payments infrastructure candidate in Asia—especially in blockchain-friendly zones like Busan (Cointelegraph).
Surging Local Adoption
A recent Hana Institute of Finance survey found 25% of Koreans aged 20–50 hold crypto, and 70% plan to increase their exposure—but 42% want traditional banks involved first. BDACS’s launch addresses exactly that demand (Cointelegraph).
Wider Implications
As ripple effects spread, expect more traditional financial players—banks and institutional investors—to treat $XRP not as a fringe token but as a core infrastructure asset for cross-border payments.
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Source: Cointelegraph, “XRP custody goes live for Korean institutions via BDACS amid ‘strong interest’”
Credit: Amin Haqshanas / Cointelegraph
