XRP News Today: South Korea Launches First Institutional XRP Custody Platform

South Korea has launched its first institutional XRP custody platform, marking a key development in the country’s digital asset regulatory landscape. The service, provided by Blockchain-based Digital Asset Custody Service (BDACS), offers institutional-grade custody for XRP, Ripple’s native token, in alignment with the Financial Services Commission’s (FSC) roadmap for digital currency regulation [1]. This initiative enables compliant storage and deployment of XRP across major Korean exchanges, including Upbit, Coinone, and Korbit, all operating under full AML/KYC standards [1].

The collaboration between BDACS and Ripple underscores a strategic push to institutionalize digital assets within the country. According to BDACS CEO Harry Ryoo, the firm will deliver a secure and robust custody solution to support Ripple’s blockchain initiatives [1]. Ripple’s managing director for Asia-Pacific emphasized the significance of the partnership in addressing institutional demand amid evolving regulatory conditions [1]. The new custody framework is expected to enhance the security and compliance infrastructure for XRP, which could in turn facilitate broader adoption in cross-border payments and tokenization use cases [1].

This development also aligns with broader ambitions within the Busan blockchain special zone, where BDACS is positioning itself to serve an estimated $16 trillion custody market by 2030 [1]. The integration of Ripple Custody into BDACS is seen as a foundational step in creating a regulated environment that supports both institutional and developer communities in leveraging XRP and Ripple’s RLUSD stablecoin for real-world applications [1].

From a market perspective, the XRP price currently stands at approximately $2.95, with technical indicators showing a breakout above the 20-day EMA and a potential near-term resistance level at $3.03 [1]. Analysts suggest that a sustained price movement past this threshold could lead to a target of $5.50 in bullish scenarios [1]. Longer-term forecasts, while speculative, include targets ranging from $100 to as high as $10,000 in extreme bullish conditions [1].

The institutional XRP custody launch in South Korea is a milestone for Ripple’s global expansion strategy. By partnering with a regulated custodian, Ripple enhances the appeal of XRP to institutional investors, who often require robust compliance and security features. The FSC’s supportive regulatory environment has played a critical role in enabling this development, as it fosters greater clarity and confidence in digital asset infrastructure [1].

Critically, the custody solution ensures that South Korean institutions can access bank-grade custody and compliance mechanisms for XRP, which supports the token’s long-term utility in cross-border transactions and tokenized assets [1]. The introduction of secure custody infrastructure is likely to stimulate further innovation in blockchain-based services, including stablecoin settlements and tokenized securities [1].

In summary, the South Korean launch of institutional XRP custody through BDACS marks a strategic advancement in digital asset regulation and infrastructure. The partnership between Ripple and BDACS is not only aligned with the FSC’s regulatory vision but also positions Korea as a leading market for institutional adoption of XRP and related blockchain technologies [1]. The move reflects the growing institutional confidence in XRP as a digital asset with real-world utility and scalable infrastructure.

Source: [1] BREAKING: South Korea Launches First Institutional XRP Custody Platform (https://coinmarketcap.com/community/articles/689372966b76a521183c18fe/)