BDACS Launches XRP Custody in South Korea, Boosting Ripple’s Institutional Adoption

Andrew Chen
XRP

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Key Takeaways:

  • BDACS enables XRP custody across top Korean exchanges with regulatory compliance.
  • Ripple’s Asian strategy expands with growing institutional support in South Korea.
  • Over 25% of South Koreans already own crypto—BDACS bridges them to institutional adoption.

South Korea’s BDACS has officially launched XRP custody services for institutional clients, a move that could significantly boost Ripple’s regional influence.

XRP Custody Goes Live for Institutions

South Korean custodian BDACS has announced the integration of XRP custody services, allowing institutional investors to securely store and manage XRP with regulatory compliance. The service is now available across top Korean exchanges, including Upbit, Coinone, and Korbit, signaling a major advancement in the legal and institutional adoption of XRP in the country.

This rollout builds on BDACS’s previous partnership with Ripple, aimed at enhancing the XRP Ledger (XRPL) ecosystem and supporting South Korea’s evolving crypto regulatory framework.

Ripple Infrastructure Gains Korean Momentum

XRP continues to dominate trading volumes on Upbit, South Korea’s largest exchange, making this custody launch especially timely. BDACS, which also collaborates with Avalanche and Polymesh, is part of Busan’s blockchain innovation sandbox—positioning it well to attract more institutional interest in tokenized asset deployment.

Ripple’s strategic presence in Asia is deepening. Notably, Japanese partner SBI Holdings recently revealed plans to add RLUSD to its exchange, and Ripple has committed over $5 million to blockchain research across Asia-Pacific, including South Korea.

Rising Crypto Demand Aligns with Institutional Solutions

According to recent data, over 25% of South Koreans aged 20–50 hold digital assets, with the highest participation in their 40s. Additionally, 42% of surveyed users said they would increase crypto holdings if banks offered such services.

BDACS’s regulated XRP custody directly addresses this market demand, aligning with the Financial Services Commission’s emphasis on secure crypto storage. This marks a significant step toward integrating digital assets into South Korea’s institutional finance landscape.

BDACS’s XRP custody launch is more than a technical integration—it’s a foundational move for Ripple’s broader Asian expansion. As the global crypto custody market eyes $16 trillion by 2030, South Korea is positioning itself as a central hub for compliant, institutional crypto services.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

Also Read: South Korea’s FSS Warns Fund Managers Over ETF Exposure to Coinbase and Crypto Stocks

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