XRP News Today: Ripple and BDACS Launch XRP Custody for South Korean Institutions

Ripple’s collaboration with BDACS, a leading institutional crypto custodian in South Korea, has produced a significant development with the launch of XRP custody services. This marks the first tangible result of the partnership announced in February, offering South Korean institutional clients a regulated avenue to store and manage XRP [1]. BDACS highlighted XRP as one of the most actively traded digital assets in the country, further justifying its inclusion in institutional-grade custody solutions [2].

The partnership aligns with South Korea’s broader regulatory agenda to foster institutional participation in the digital asset market, as outlined by the Financial Services Commission. BDACS has integrated Ripple Custody, a platform designed for secure institutional asset management, to support both XRP and RLUSD, Ripple’s dollar-backed stablecoin [1]. The move is intended to facilitate innovation on the XRP Ledger while promoting tokenization and stablecoin adoption [3].

By launching XRP custody, BDACS is reinforcing its role as a key infrastructure provider in the institutional crypto space. The firm has previously partnered with entities such as Avalanche, Polymesh, and Woori Bank, and is involved in blockchain initiatives in South Korea’s Busan regulation-free zone [1]. The addition of XRP custody underlines Ripple’s strategy to expand its institutional footprint through infrastructure partnerships, ensuring greater regulatory alignment and operational security for institutional investors [4].

This development is expected to have ripple effects beyond South Korea. XRP’s availability through a regulated custodian could enhance its appeal in other markets where institutional confidence is tied to compliance and security. Ripple’s Managing Director for the Asia-Pacific region, Fiona Murray, emphasized the growing market activity and evolving regulatory environment in the region at the time of the partnership [2]. BDACS CEO Harry Ryoo also stressed the firm’s commitment to secure and compliant custody services that support blockchain innovation [3].

The integration of XRP into institutional custody frameworks is a critical step for Ripple in addressing adoption barriers. Institutional investors often require assurances of regulatory compliance and asset safety before committing to digital assets. With BDACS now offering XRP custody, Ripple is positioning the asset as a viable option for institutional portfolios, particularly in markets where regulatory clarity is improving [1].

Source:

[1] Ripple’s Partnership With BDACS Pays Off as XRP Support Goes Live at Korean Crypto Custodian (https://www.coindesk.com/business/2025/08/06/ripple-s-partnership-with-bdacs-pays-off-as-xrp-support-goes-live-at-korean-crypto-custodian)

[2] BDACS launches XRP custody for institutions in Korea, deepening Ripple partnership and boosting regulatory alignment for XRP's global institutional use (http://royaltradinginvestmentllc.com/category/news/)

[3] Ripple (https://www.coindesk.com/tag/ripple)

[4] BDACS launches XRP custody for institutions in Korea, deepening Ripple partnership and boosting regulatory alignment for XRP's global institutional use (https://investorshub.advfn.com/Ripple-XRPUSD-31949)