Ripple Boosts Growth in Korea as BDACS Launches XRP Custody

South Korean-based BDACS has launched official XRP custody services for institutional clients. This marks a significant milestone in the country’s regulated crypto landscape. At the same time, this move strengthens Ripple’s presence in Asia and supports the growing demand for secure, legal access to tokenised assets. XRP Custody Goes Live on BDACS In a recent X post , the regulated digital asset custody provider shared that XRP is now fully supported on its custody platform. This update means institutional investors in South Korea can now store and manage XRP securely, in line with local regulations. In addition, XRP can now be used across the country’s major exchanges like Upbit, Coinone, and Korbit, through the BDACS platform. This makes it easier for institutions to enter and operate within the crypto market legally. This latest rollout builds on BDACS’s earlier partnership with Ripple Labs . This collaboration was formed to support the XRP Ledger ecosystem and help align with South Korea’s long-term crypto regulatory plans. BDACS aims to attract more institutions to explore real-world use cases for tokenised assets on the XRP Ledger. To support this, the company has already integrated with major trading platforms and has joined Busan’s innovation sandbox for blockchain development. The firm is also connected with other major blockchain networks like Avalanche and Polymesh. XRP’s Growing Role in Korean Markets XRP is becoming more popular in South Korea’s crypto market. It is now the most traded digital coin on Upbit , the country’s biggest exchange. This shows that more people trust Ripple’s technology. It also supports BDACS’s plan to help more institutions use XRP. Ripple itself expects the global crypto custody market to exceed $16 trillion by 2030. BDACS’s new XRP custody solution may help speed up this growth by providing secure and compliant access to XRP for institutions. Recent data shows that over 25% of South Koreans between the ages of 20 and 50 own digital assets, with those in their 40s leading the way. Interestingly, 42% of people in a survey said they would invest more in crypto if banks offered these services. BDACS and Ripple are now meeting this need. Their XRP custody service gives institutions a safe, trusted way to enter the crypto market. Ripple’s Expansion Across Asia Ripple is investing heavily in Asia, with South Korea playing a central role in its regional strategy . In Japan, Ripple’s local partner, SBI Holdings, is working to add RLUSD to its SBI VC Trade platform. This move shows Ripple’s effort to partner with major financial firms to grow the use of digital assets. Ripple has also committed over $5 million to academic and technical blockchain research through its University Blockchain Research Initiative (UBRI). This funding is used to support institutions across South Korea, Japan, Singapore, Taiwan, and Australia. The post Ripple Boosts Growth in Korea as BDACS Launches XRP Custody appeared first on TheCoinrise.com .

Source: The Coin Rise