XRP News Today: Ripple XRP Gains Institutional Momentum in South Korea with BDACS Custody Launch

Ripple has made significant progress in South Korea with the launch of XRP custody services by BDACS, a licensed digital asset custodian. This move marks a pivotal step in the institutional adoption of XRP within one of Asia's most regulated and active crypto markets. BDACS, having partnered with Ripple, now provides institutional clients and exchanges with secure and compliant XRP custody solutions, enabling them to store and manage the asset in alignment with local regulations [1].

The integration of XRP into BDACS’s custody platform allows institutional investors to legally access and operate within the crypto market, with XRP now available for trading on major South Korean exchanges including Upbit, Coinone, and Korbit. This development enhances XRP’s accessibility and reinforces its role as a preferred digital asset among institutional participants [2]. XRP is currently the most traded digital asset on Upbit, indicating a strong level of trust in Ripple’s technology and the potential for further adoption [3].

BDACS aims to expand the use of tokenised assets on the XRP Ledger by engaging institutional clients in real-world applications. The firm has integrated with major trading platforms and is part of Busan’s innovation sandbox for blockchain development. It also maintains connections with other blockchain networks such as Avalanche and Polymesh, demonstrating its broader commitment to digital asset infrastructure [4].

The custody launch aligns with Ripple’s strategic expansion across Asia, where South Korea has become a key market. Ripple has been investing in partnerships with major financial institutions, including SBI Holdings in Japan, to promote the adoption of digital assets. Additionally, Ripple has committed over $5 million to blockchain research through its University Blockchain Research Initiative, supporting academic institutions across the region [5].

With over 25% of South Koreans aged 20 to 50 owning digital assets, and a significant portion expressing interest in investing more in crypto if offered through banks, the timing of XRP custody services is particularly strategic. BDACS and Ripple’s collaboration provides institutions with a secure and trusted framework for engaging with digital assets, meeting a clear demand in the market [6].

Source: [1] Ripple and XRP News: BDACS Launches XRP Custody for ... (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] Major XRP Adoption News From South Korea (https://cryptopotato.com/major-xrp-adoption-news-from-south-korea/)

[3] BDACS Launches XRP Custody Services for Institutions ... (https://intellectia.ai/news/crypto/bdacs-launches-xrp-custody-services-for-institutions-across-south-korea)

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

[5] XRP steadies despite Korea's BDACS and Japan's SBI ... (https://www.fxstreet.com/cryptocurrencies/news/xrp-steadies-despite-koreas-bdacs-and-japans-sbi-holdings-initiatives-set-to-boost-adoption-202508061545)

[6] XRP Surges in Korea Post-BDACS Deal (https://www.bitrue.com/blog/xrp-explodes-in-korea-after-bdacs-deal)