XRP News Today: XRP Expands Institutional Access in South Korea via BDACS Partnership

Ripple's XRP is gaining traction in South Korea through strategic collaboration with BDACS, a regulated digital asset custody and exchange solutions provider. BDACS announced on August 5 that it has added XRP custody support for institutional clients, enabling them to access and manage the asset through its platform. This move expands the availability of XRP to institutional investors in a compliant and secure manner [1].

BDACS emphasized that XRP is now integrated into South Korea’s top regulated exchanges, including Upbit, Coinone, and Korbit, allowing institutional clients to trade the asset across major trading venues. This integration supports the growing demand for regulated digital asset infrastructure in the region, particularly among institutional investors seeking secure and compliant access to crypto markets [1].

The collaboration between BDACS and Ripple was formalized in February through a strategic partnership aimed at expanding institutional-level custody and digital asset infrastructure in South Korea. Under the agreement, BDACS will use Ripple Custody to securely manage XRP, RLUSD, and other digital assets. This partnership aligns with the Financial Services Commission’s regulatory roadmap and supports the broader development of Korea’s digital finance ecosystem [1].

BDACS CEO Harry Ryoo stated that the partnership will enable the firm to offer a “secure and reliable custody service” to support Ripple’s blockchain initiatives, ultimately enhancing the digital asset ecosystem. Fiona Murray of Ripple added that the collaboration brings Ripple’s custody solution to institutional investors in South Korea, reinforcing XRP’s position in the country’s crypto market [1].

The developments reflect a broader trend in the global crypto space, where regulatory clarity and institutional infrastructure are key drivers of adoption. South Korea, with its highly active crypto market and sophisticated investor base, has become a critical market for XRP. The inclusion of XRP in regulated exchange offerings through BDACS marks a shift in how the token is being positioned—not only as a settlement asset but also as a tradable security within institutional investment frameworks [1].

By bridging institutional investors with compliant trading platforms, BDACS is enhancing XRP’s accessibility and liquidity in South Korea, potentially attracting more capital and deepening market participation. This is particularly significant in a market where retail and institutional activity can influence price dynamics and trading volumes [1].

As the XRP ecosystem continues to evolve, the developments in South Korea signal a maturing market dynamic where compliance and institutional infrastructure are central to adoption. With BDACS leveraging its regulatory expertise to offer secure and compliant XRP access, the token is better positioned to capitalize on the next phase of institutional growth in one of the world’s most active crypto markets [1].

Source:

[1] XRP Ramps up in Korea as BDACS Taps Into Top Regulated Exchanges – Bitcoin.com (https://news.bitcoin.com/xrp-ramps-up-in-korea-as-bdacs-taps-into-top-regulated-exchanges/)