XRP News Today: BDACS Launches XRP Institutional Custody with Ripple Labs in South Korea

Generated by AI AgentCoin World
Thursday, Aug 7, 2025 10:21 am ET1min read
XRP
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Aime RobotAime Summary

- BDACS and Ripple Labs launched XRP institutional custody in South Korea on August 5, 2025, expanding regulated access for institutional investors.

- The service integrates with major exchanges like Upbit, aligning with South Korea's regulatory push for compliant crypto participation.

- BDACS emphasized XRP's popularity in Korea and plans for future asset expansion, strengthening its partnership with Ripple.

- The initiative is expected to boost XRP liquidity and institutional adoption, leveraging its cross-border payment use cases in regulated markets.

BDACS, a leading crypto custodian in South Korea, has launched institutional custody support for

XRP
in collaboration with
Ripple
Labs on August 5, 2025. This marks a significant step in expanding regulated access to XRP for institutional investors in the country. The initiative reflects growing demand among
financial institutions
for exposure to crypto assets, particularly XRP, which has established a strong presence in the South Korean market [1].

The custody solution directly integrates with major Korean exchanges, such as Upbit, enabling seamless access for institutional participants. Ripple Labs, a key player in cross-border payments and XRP liquidity, has long supported BDACS in delivering compliant and secure custody services. The partnership aligns with broader regulatory developments in South Korea, where the Financial Services Commission continues to encourage institutional participation in crypto markets while ensuring adherence to existing legal frameworks [1].

According to BDACS, the launch reinforces its commitment to the Korean market and strengthens its collaboration with Ripple. “We’re thrilled to offer custody support for XRP, one of the most popular digital assets in Korea, to our institutional clients. This launch strengthens our long-standing partnership with Ripple and underscores our commitment to the Korean market” [1]. The firm noted that XRP is currently the primary focus of the custody offering, with potential for future expansion to other assets.

The integration of XRP into institutional custody services is expected to drive greater liquidity and on-chain activity in regulated venues. Historical patterns from similar custody launches have shown an uptick in market participation and investor confidence, suggesting a positive outlook for XRP’s role in institutional portfolios [1]. The collaboration also positions Korean institutions to benefit from XRP’s established use cases in cross-border payments and financial innovation, potentially accelerating broader adoption across the region.

Regulatory clarity and growing institutional interest in crypto continue to shape the market environment in South Korea. BDACS and Ripple Labs have emphasized their compliance with local crypto regulations, which is critical in a jurisdiction where legal certainty remains a key factor in institutional adoption. The joint initiative not only supports existing investors but also opens new opportunities for those seeking to enter the market through regulated channels [1].

Source:

[1] "BDACS Launches XRP Institutional Custody with Ripple Labs" (https://coinmarketcap.com/community/articles/6894b4d93f453722c32d9229/)