The post XRP Custody Goes Live in South Korea for Institutions appeared on BitcoinEthereumNews.com.

BDACS has just launched XRP custody for Korean institutions and is strengthening its partnership with Ripple while advancing crypto adoption. According to reports, XRP custody for institutional clients is now available in South Korea, thanks to a major move by local crypto custodian BDACS.  This development follows its February partnership with Ripple, and gives Korean institutions a regulated way to store and manage XRP. The launch shows the rise in institutional demand for crypto services in South Korea, and here are some more details.  Institutional XRP Custody Takes Hold in Korea According to an announcement shared on August 5 via X (formerly Twitter), BDACS confirmed that XRP custody was now live. The company said it was excited to support one of the most actively traded digital assets in Korea.  The move allows financial institutions to use Ripple Custody, which is a platform built for secure and enterprise-grade storage of digital assets. “This launch strengthens our long-standing partnership with Ripple and underscores our commitment to the Korean market,” BDACS stated in its announcement. 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 BDACS has also integrated with some of South Korea’s top exchanges like Upbit, Coinone and Korbit. These integrations mean that institutional clients can now hold  XRP across the country’s top trading platforms in a fully compliant way. Ripple and BDACS’ Partnership The roots of this launch go back to February, when Ripple Labs and BDACS first announced their partnership. The agreement was focused on allowing institutional custody for XRP and Ripple’s new U.S. dollar–backed stablecoin, RLUSD. At the…

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Filed under: News - @ August 7, 2025 1:14 am