In a recent post about X, BDACS announced that XRP is now available on its custody platform. This allows institutional investors in South Korea to store and manage the token securely. They also confirmed that customers can already use XRP on major Korean exchanges such as Upbit, Coinone, and Korbit, with full regulatory compliance.
This achievement also expands BDACS's previous collaboration with Ripple. The alliance aimed to support the XRP Ledger ecosystem and align with South Korea's cryptocurrency regulatory roadmap.
The company seeks to attract more institutions to explore the practical uses of tokenized assets on the XRP Ledger. The custodian is equipped to support this vision through its integration with major trading platforms in South Korea and its participation in Busan's innovation testing environment. BDACS also collaborates with networks like Avalanche and Polymesh.
In particular, XRP is known as the most dominant trading asset on Upbit, the largest exchange in South Korea. This increase in activity coincides with BDACS's XRP strategy, highlighting the growing confidence in Ripple-backed infrastructure.
Ripple has repeatedly highlighted projections suggesting that the global cryptocurrency custody market could surpass $16 trillion by 2030. This measure could realize the goal more quickly.
