BDACS launches regulated XRP custody for institutions in South Korea.
Ripple partnership aligns with Korea’s push for institutional crypto adoption.
RLUSD and tokenization plans aim to expand XRP Ledger utility.
South Korea has unlocked a new chapter for Ripple. BDACS, a regulated crypto custodian serving institutional clients, now offers full support for Ripple's XRP. This isn’t just a tech update—it’s a strategic move that brings Ripple deeper into one of Asia’s most active crypto markets. The support went live on August 5, marking the first visible result of a custody-focused partnership Ripple announced with BDACS earlier this year. For Korean institutions, this signals more than just access—it opens the door to secure, regulated custody for one of the most widely held digital assets in the country.
https://twitter.com/WhaleInsider/status/1952754905913192898 BDACS Brings Ripple’s Plans to Life
BDACS revealed the news in a post on X, confirming custody support for XRP. They referred to XRP as one of South Korea’s most popular digital assets, and the decision to support it was anything but random. It stems from a broader partnership announced on February 26, where BDACS and Ripple joined forces to push institutional adoption of blockchain solutions in the country. That announcement also hinted at future support for RLUSD, Ripple’s stablecoin pegged to the U.S. dollar.
At the time of the announcement, BDACS said the deal aligned with South Korea’s Financial Services Commission roadmap. This roadmap focuses on growing institutional participation in digital assets while maintaining strict regulatory oversight. By integrating Ripple Custody, a platform built to help institutions securely manage digital assets, BDACS now offers Korean institutions a regulated path to store and manage XRP efficiently.
Ripple Strengthens Its Position in South Korea
Ripple’s Fiona Murray, Managing Director for Asia-Pacific, called attention to the country’s rising crypto activity and evolving regulations. BDACS CEO Harry Ryoo said the company’s mission is to deliver compliant, secure services for institutions and support Ripple’s expanding blockchain efforts. Their statements reflect confidence and strategic alignment on both sides.
BDACS has been active beyond Ripple. The custodian also works with Avalanche, Polymesh, and Woori Bank. It plays a role in blockchain projects based in Busan’s regulation-free zone, a region focused on fostering blockchain innovation without red tape. These connections show that BDACS aims to position itself at the heart of institutional crypto in Korea.
This latest XRP support strengthens Ripple’s presence in one of Asia’s top markets for digital assets. Institutional investors in South Korea can now tap into the XRP Ledger using regulated tools backed by Ripple. The partnership delivers on its original promise and sets the stage for future integrations, possibly involving RLUSD as the stablecoin gains traction. At the time of writing, XRP trades at $2.97, down 3.4% over the last 24 hours.
