XRP News Today: BDACS Launches Institutional XRP Custody in South Korea Following Ripple Partnership

South Korean crypto custodian BDACS has officially launched institutional custody services for XRP, following its partnership with Ripple in February. This development allows institutions in the country to securely store and manage XRP through Ripple Custody, an enterprise-grade digital asset solution. The launch was announced via BDACS’s official X account and marks a significant step in Korea’s regulated crypto infrastructure [1].

The service enables institutions to access XRP on major local exchanges, including Upbit, Coinone, and Korbit, in a manner that aligns with regulatory compliance. BDACS emphasized the importance of the move, calling it a milestone in its collaboration with Ripple and a testament to its commitment to the Korean market [2].

XRP has emerged as one of the most actively traded digital assets in South Korea, and its inclusion in institutional custody offerings is expected to drive greater adoption and liquidity. Analysts have highlighted the potential for XRP to play a more prominent role in institutional portfolios, especially as the country continues to develop its crypto regulatory framework [3].

The timing of the launch coincides with a growing interest in digital assets among Korean investors. A recent study by the Hana Institute of Finance found that over 25% of South Koreans aged 20 to 50 own crypto, with XRP being among the most commonly held assets. This trend underscores the increasing integration of digital assets into mainstream financial planning and wealth management strategies [4].

The rollout also reinforces Ripple’s broader strategy to expand XRP’s institutional adoption globally. Through partnerships with regulated custodians like BDACS, Ripple aims to enhance the asset’s utility in cross-border payments and institutional-grade infrastructure. The firm has previously cited forecasts that crypto custody could reach $16 trillion by 2030 and that tokenized assets could account for 10% of global GDP [5].

With XRP custody now live in South Korea, institutions have a more secure and compliant infrastructure to hold and transact with the asset. This is expected to encourage more sophisticated market behavior, including hedging, trading, and portfolio diversification. The move also supports Ripple’s vision of XRP as a bridge for global financial infrastructure, particularly in markets where digital asset adoption is accelerating [6].

The partnership with BDACS is in line with South Korea’s regulatory approach to digital assets, which has shown increasing openness to crypto innovations. Ripple has previously noted that the country’s Financial Services Commission has outlined a roadmap for institutional crypto adoption, and this custody launch reflects that trajectory.

By expanding XRP custody into institutional markets in South Korea, Ripple is strengthening its position in one of the most active digital asset markets in the world. The development is a clear indicator of how regulated custodial solutions are becoming a key enabler for broader crypto adoption, especially among institutional investors [7].

Source:

[1] Cointelegraph – https://cointelegraph.com/news/bdacs-launches-institutional-xrp-custody-in-korea

[2] Yahoo Finance – https://uk.finance.yahoo.com/news/ripple-partnership-bdacs-pays-off-005221942.html

[3] XT.com – https://www.xt.com/en/blog/community-news/2025-08-06T04:03:17.000Z

[4] CoinDesk – https://www.coindesk.com/

[5] CryptoPotato – https://cryptopotato.com/major-xrp-adoption-news-from-south-korea/

[6] Platinum Crypto Academy – https://www.platinumcryptoacademy.com/