XRP News Today: BDACS Launches XRP Institutional Custody in South Korea

BDACS, a South Korean crypto custodian, has officially launched XRP custody services for institutional clients, providing a regulated framework for the storage and management of the digital asset. This rollout follows the company’s partnership with Ripple, announced earlier in the year, and enables institutions to engage with XRP in a secure and compliant manner. The service is integrated with major South Korean exchanges, including Upbit, Coinone, and Korbit, allowing for seamless deployment of XRP across the country’s leading trading platforms [1].

The launch was announced via BDACS’s X account, emphasizing the firm’s commitment to the Korean market and the significance of XRP as one of the most popular digital assets in the region. BDACS expressed enthusiasm over the expansion of its services, noting that the collaboration with Ripple strengthens the regulatory alignment necessary for institutional-grade custody operations [2]. Ripple also highlighted how the partnership aligns with South Korea’s broader regulatory roadmap for digital asset adoption, as outlined by the Financial Services Commission [4].

This move reflects growing institutional interest in XRP, particularly in South Korea, where the crypto ecosystem has shown consistent expansion. The custody offering is expected to enhance XRP’s appeal to institutional investors by providing a secure and compliant infrastructure for holding the asset. This development is especially notable given the country’s active crypto market and the increasing demand for robust custody solutions that meet regulatory standards [3].

The timing of the launch also coincides with ongoing discussions around XRP’s legal status, particularly in the U.S., where Ripple continues to face regulatory challenges. The introduction of institutional custody services in South Korea underscores XRP’s continued relevance in markets where regulatory clarity is more established. Ripple cited projections that crypto custody could reach $16 trillion by 2030, highlighting the long-term potential for institutional-grade digital asset services [5].

The broader trend of institutional adoption in South Korea’s crypto market is supported by recent data showing that over 25% of Koreans aged 20–50 hold crypto, with the highest participation among those in their 40s. Confidence in crypto as a tool for retirement planning is also rising, with many investors expressing a willingness to increase their exposure if traditional financial institutions play a larger role in the crypto space [6].

The integration of XRP into institutional custody frameworks is seen as a step toward legitimizing digital assets within the mainstream financial system. With custodians like BDACS and exchanges continuing to improve compliance and operational frameworks, the XRP ecosystem is likely to see increased participation from institutional actors in the coming years [2].

Sources:

[1] Cointelegraph, BDACS Launches Institutional XRP Custody in Korea via (https://cointelegraph.com/news/bdacs-launches-institutional-xrp-custody-in-korea)

[2] Yahoo Finance, Ripple's Partnership With BDACS Pays Off as XRP Support (https://uk.finance.yahoo.com/news/ripple-partnership-bdacs-pays-off-005221942.html)

[3] CryptoPotato, Major XRP Adoption News From South Korea (https://cryptopotato.com/major-xrp-adoption-news-from-south-korea/)

[4] Pintu, BDACS in South Korea Officially Provides Ripple (XRP) (https://pintu.co.id/en/news/188656-bdacs-in-south-korea-officially-provides-ripple-xrp-custody-services-what-are-the-details)

[5] XT.com, XRP is now live on BDACS (https://www.xt.com/en/blog/community-news/2025-08-06T04:03:17.000Z)

[6] Platinum Crypto Academy, South Korea's BDACS has rolled out institutional custody support for XRP (https://www.platinumcryptoacademy.com/)