XRP has officially gone live on BDACS, a regulated crypto custodian in South Korea, marking a significant milestone in Ripple’s push for global institutional adoption.
BDACS Launches XRP Custody for Institutions
The move follows a February 2025 partnership between Ripple and BDACS, aimed at supporting secure, regulated access to digital assets for Korean institutions. BDACS announced the rollout on Aug. 5, confirming custody support for XRP, one of the country’s most actively traded cryptocurrencies.
“This launch is the first major outcome of the Ripple-BDACS deal and aligns with Korea’s roadmap for institutional crypto growth.”
The XRP listing reinforces Ripple’s presence in one of Asia’s most dynamic crypto markets while deepening its alignment with South Korean regulatory standards.
Ripple Custody Integration and RLUSD Plans
The partnership enables XRP and Ripple’s dollar-backed stablecoin RLUSD to be managed through Ripple Custody, a secure platform built for institutions. Ripple and BDACS aim to serve developers building on the XRP Ledger, with a focus on tokenization and stablecoin utility.
“The XRP Ledger’s design supports fast, low-cost transactions—a key selling point for enterprise and financial users.”
Fiona Murray, Ripple’s APAC Managing Director, emphasized the region’s evolving regulatory climate, while BDACS CEO Harry Ryoo reaffirmed the firm’s mission to provide secure, compliant infrastructure for digital asset growth.
Long-Term Impact on XRP Adoption
This custody launch offers more than regional significance—it may serve as a blueprint for institutional XRP integration across other regulated markets.
“With crypto custody projected to reach $16 trillion by 2030, and tokenized assets expected to represent 10% of global GDP, Ripple is positioning XRP for long-term utility.”
Conclusion
By bringing XRP to regulated custody in Korea, Ripple and BDACS are setting the stage for broader institutional engagement in crypto. As regulatory frameworks evolve, this collaboration could pave the way for XRP’s role in next-gen financial infrastructure.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.