TLDR
- BDACS now offers XRP custody for institutions, ensuring secure, regulated access to South Korea’s top crypto exchanges.
- Ripple’s partnership with BDACS expands XRP’s adoption in South Korea, supporting XRP Ledger’s ecosystem growth.
- XRP custody is now compliant with South Korea’s crypto regulations, marking a milestone for institutional adoption.
- Over 25% of South Koreans aged 20–50 own crypto, increasing demand for regulated services like Ripple’s XRP custody.
Ripple has achieved a key milestone in its expansion across Asia as South Korea’s BDACS rolls out XRP custody for institutional investors. This move strengthens Ripple’s presence in the region and offers a secure, regulatory-compliant solution for storing and managing XRP, one of the most traded cryptocurrencies in South Korea. With this new custody service, institutional investors can now manage their XRP holdings across major Korean exchanges.
BDACS Launches XRP Custody for Institutional Investors in South Korea
BDACS has officially launched its XRP custody service for institutional clients in South Korea, allowing secure storage and management of XRP while complying with local regulations. The platform now enables institutions to deploy XRP across major exchanges, including Upbit, Coinone, and Korbit, ensuring full regulatory compliance. This move is a significant step in Ripple’s continued expansion in the region.
This development builds upon BDACS’s partnership with Ripple, which aims to strengthen the XRP Ledger ecosystem and increase XRP adoption in South Korea. The integration with top trading venues and regulatory compliance is crucial for institutional investors looking to enter the South Korean market. BDACS’s involvement in Busan’s innovation sandbox further supports the vision of tokenized asset growth.
XRP is now live on BDACS!
We’re thrilled to offer custody support for #XRP, one of the most popular digital assets in #Korea, to our institutional clients. This launch strengthens our long-standing partnership with #Ripple and underscores our commitment to the Korean market.… pic.twitter.com/j8IKSBr7W7
— BDACS (@BDACSKorea) August 5, 2025
The success of XRP on Upbit, South Korea’s largest exchange, underscores the growing confidence in Ripple’s infrastructure. With projections indicating the global crypto custody market could surpass $16 trillion by 2030, BDACS’s XRP custody service positions Ripple to play a key role in the future of regulated crypto custody.
Ripple Expands Its Footprint Across Asia with Strategic Partnerships
Ripple’s collaboration with BDACS marks a significant step in its broader strategy to expand its footprint in Asia. The region has shown increasing interest in blockchain technology and digital assets, and Ripple is capitalizing on this trend.
This partnership not only boosts Ripple’s influence in South Korea but also sets the stage for further adoption of XRP across other key Asian markets.
Ripple’s focus on Asia is evident in its ongoing efforts to partner with influential local organizations. In addition to the collaboration with BDACS, Ripple has engaged in projects aimed at promoting the use of its technology in countries like Japan and Singapore. As Ripple deepens its commitment to the region, it aims to position XRP as a key infrastructure element in global payments.
Regulatory Compliance and Future Growth
The rollout of XRP custody by BDACS is in line with South Korea’s growing interest in regulating the crypto sector. With the Financial Services Commission’s focus on creating a clear regulatory framework, BDACS’s service ensures that institutional clients can operate within the legal boundaries. This regulatory compliance is crucial as South Korea continues to explore the integration of crypto assets into its financial ecosystem.
The launch is also significant for Ripple’s future growth, as the global crypto custody market is projected to surpass $16 trillion by 2030. Ripple is positioning itself to be a major player in this expanding market, particularly as the demand for regulated and secure custody solutions grows. With its strong presence in South Korea and its expanding partnerships in Asia, Ripple is well-placed to capitalize on the evolving landscape of digital assets.
As South Korea’s crypto market matures, Ripple’s role as a leading infrastructure provider for tokenized assets continues to grow. The partnership with BDACS is one of several steps Ripple is taking to ensure its long-term success in the region and the broader global crypto market.
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