South Korean crypto custodian BDACS has introduced institutional custody services for XRP, following its partnership with Ripple in February. This initiative allows institutions to securely manage XRP, one of the most traded digital assets globally, using Ripple Custody. BDACS expressed excitement about providing this service to institutional clients, reinforcing its collaboration with Ripple and commitment to the Korean market. The custodian has also integrated with major South Korean exchanges like Upbit, Coinone, and Korbit, enabling compliant XRP deployment across these platforms. Earlier this year, Ripple and BDACS aimed to align with South Korea's regulatory framework for crypto adoption, which is expected to enhance the XRP Ledger ecosystem. With projections indicating that crypto custody could reach $16 trillion by 2030, interest in digital assets is growing among South Koreans, particularly among those in their 40s. Additionally, traditional banks in South Korea are increasingly engaging with the crypto sector, as evidenced by recent trademark applications for stablecoins. Read more AI-generated news on: https://app.chaingpt.org/news

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