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

Ripple has formally launched institutional-grade XRP custody services in South Korea in collaboration with BDACS, a leading local crypto custodian [1]. The initiative, which became fully operational in February 2025, allows South Korean institutions to securely store, manage, and trade XRP on major exchanges such as Upbit, Coinone, and Korbit [2]. This development aligns with the regulatory roadmap set by South Korea’s Financial Services Commission (FSC), which has emphasized the need for secure and compliant infrastructure to support institutional crypto participation [3].

BDACS, in a statement, highlighted that the launch of XRP and RLUSD custody services reinforces its commitment to providing secure and transparent solutions for institutional clients [4]. The custodian has integrated these offerings with top South Korean exchanges to facilitate seamless trading and compliance. Ripple, a global fintech firm known for its blockchain-based payment solutions, has worked closely with BDACS to ensure that the custody service meets regulatory standards and supports institutional demand for XRP [5].

The partnership is expected to significantly boost XRP's adoption in the Asia-Pacific region. By offering a secure and compliant custody solution, Ripple and BDACS are addressing a key barrier for institutional investors—security and regulatory compliance [6]. The move also aligns with Ripple’s broader strategy to expand XRP’s institutional footprint across Asia, where demand for cross-border payment solutions and tokenized assets is growing [7].

Historical trends suggest that the introduction of institutional custody solutions often leads to increased trading volumes and liquidity. With XRP already among the most actively traded assets on Upbit, the new custody service is likely to attract further institutional interest [8]. This, in turn, could enhance XRP’s role as a bridge currency for cross-border transactions, a core use case promoted by Ripple.

The FSC has been a key player in shaping South Korea’s digital asset landscape, and its regulatory guidance has created a favorable environment for innovation. The introduction of XRP custody services reflects this regulatory momentum and could encourage other Asian countries to follow suit [9]. As more institutional players gain access to regulated crypto infrastructure, the overall trust and stability in the digital asset ecosystem are likely to improve.

Ripple’s expansion in South Korea is part of its broader regional strategy, which includes supporting blockchain education and research. Through its University Blockchain Research Initiative (UBRI), the company has invested over $5 million in blockchain-related academic programs in Asia [10]. These efforts underscore Ripple’s long-term vision of fostering a global ecosystem for tokenized assets and cross-border financial innovation.

Source:

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

[2] AInvest, Ripple Expands XRP Custody in South Korea, SBI Plans ..., https://www.ainvest.com/news/ripple-expands-xrp-custody-south-korea-sbi-plans-bitcoin-xrp-etf-japan-2508/

[3] Cryptopolitan, Ripple launches XRP custody for South Korean institutions ..., https://www.cryptopolitan.com/ripples-xrp-custody-support-goes-live/

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

[5] Bitcoin.com, XRP Ramps up in Korea as BDACS Taps Into Top ..., https://news.bitcoin.com/xrp-ramps-up-in-korea-as-bdacs-taps-into-top-regulated-exchanges/

[6] CoinGape, Ripple Scores Major Win as South Korean Giant Launches ..., https://coingape.com/ripple-major-win-south-korean-giant-xrp-custody/

[7] TradingView, XRP custody goes live for Korean institutions via BDACS ..., https://www.tradingview.com/news/cointelegraph:2149****9094b:0-xrp-custody-goes-live-for-korean-institutions-via-bdacs-amid-strong-interest/

[8] CoinCentral, BDACS Rolls Out XRP Custody Support for Korean ..., https://coincentral.com/bdacs-rolls-out-xrp-custody-support-for-korean-institutions-and-exchanges/

[9] AInvest, Ripple's Strategic Expansion in South Korea: A Catalyst for ..., https://www.ainvest.com/news/ripple-strategic-expansion-south-korea-catalyst-xrp-institutional-adoption-long-term-appreciation-2508/

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