XRP News Today: Institutional Push Fuels XRP Growth in South Korea and Japan

Institutional interest is driving a renewed surge in XRP’s adoption in South Korea and Japan, fueled by growing infrastructure support and strategic developments from key market players. South Korean crypto custodian BDACS recently announced support for XRP, marking a tangible step in the token’s institutional integration. The service is currently restricted to institutional clients, reflecting increased demand for secure XRP management among professional investors in the region [1]. The move also strengthens BDACS’s relationship with Ripple and highlights XRP’s expanding presence on major local exchanges such as Upbit, Coinone, and Korbit [2].

Simultaneously, Japan is witnessing potential regulatory breakthroughs as financial giant SBI Holdings reportedly plans to launch an XRP-linked exchange-traded fund (ETF). If approved, this would be one of the first such offerings in Asia to include XRP and could set a precedent for altcoin ETFs across the region. SBI’s long-standing partnership with Ripple adds credibility to the initiative and underscores the firm’s belief in XRP’s role in modernizing cross-border financial systems [3].

XRP’s price has remained relatively stable around $3 in recent months, aligning with broader efforts to enhance the XRP Ledger’s infrastructure and usability. The token’s appeal among institutions stems from its real-time payment capabilities and its increasing integration into regulated financial ecosystems. As custodians and service providers in both South Korea and Japan continue to incorporate XRP into their offerings, the token is gaining traction as a viable, institutional-grade digital asset.

The renewed institutional backing is influencing broader market sentiment, particularly as regulatory clarity in key jurisdictions like the United States continues to evolve. These developments are likely to create a ripple effect in Asia’s crypto markets, where confidence in regulatory frameworks plays a crucial role in investment decisions. With South Korea and Japan leading the way in digital asset innovation, XRP is positioned as a core component of the region’s next-stage financial transformation [4].

Sources:

[1] "Major XRP Adoption News From South Korea" (https://cryptorank.io/news/feed/665fd-major-xrp-adoption-news-from-south-korea)

[2] "Institutional interest boosts XRP’s resurgence in South Korea and Japan" (https://cryptoslate.com/institutional-interest-boosts-xrps-resurgence-in-south-korea-and-japan/)

[3] "SBI Holdings Eyes XRP-Linked ETF Launch in Japan" (https://cryptodnes.bg/en/news/others/)

[4] "Institutional interest boosts XRP’s resurgence in South Korea and Japan" (https://cryptorank.io/news/feed/16331-institutional-interest-boosts-xrps-resurgence-in-south-korea-and-japan)