The South Korean regulated digital asset custodian BDACS has announced that it has begun providing institutional-grade custody services for Ripple (XRP).

This development allows XRP to be stored legally and securely, making it one of the most liquid crypto assets in the country.

BDACS announced that XRP is now officially live on its platform and stated, "We are very pleased to offer custody support for XRP to our institutional clients, as XRP is one of the most popular digital assets in South Korea." The company also mentioned that this integration strengthens their long-term partnership with Ripple and underscores their commitment to the South Korean market.

BDACS recently integrated with South Korea's leading cryptocurrency exchanges Upbit, Coinone, and Korbit, allowing its customers to use XRP legally on these major platforms.

XRP is known for frequently ranking first in trading volume on South Korea's largest cryptocurrency exchanges, Upbit and Bithumb.