South Korea has taken another step toward digital asset integration as BDACS launches institutional custody support for XRP. This development offers regulated, secure storage of XRP for financial institutions, aligning with the nation’s expanding crypto regulatory framework.
Regulated Access to XRP for Korean Institutions
The announcement marks the first time institutional investors in South Korea can directly access XRP custody services, a move driven by BDACS’s growing infrastructure and its alignment with national compliance requirements.
The launch leverages Ripple’s enterprise-grade custody platform, providing financial-grade storage solutions for XRP — a digital asset that remains one of the most heavily traded in Asia. BDACS stated that demand for XRP among institutional clients has been accelerating in recent quarters.
“XRP is one of the most popular digital assets in Korea,” BDACS noted during the announcement.
Integrated Access Across Top Korean Exchanges
The custody offering has been integrated with major South Korean exchanges, including Upbit, Korbit, and Coinone. This allows institutions to store, transfer, and deploy XRP across platforms in a regulatory-compliant manner.
The service supports secure access to digital asset markets while maintaining full institutional oversight, a critical factor for financial firms entering the sector.
South Korea Expands Institutional Crypto Infrastructure
The move reflects South Korea’s growing commitment to institutional-grade digital finance. Officials have outlined a roadmap for integrating digital assets into traditional finance, and regulated custody is a key pillar in that plan.
Ripple and BDACS also aim to expand the ecosystem further, supporting RLUSD (Ripple’s stablecoin) and growing the use of the XRP Ledger in initiatives like Busan’s blockchain regulation-free zone.
As the global digital asset custody market heads toward a projected $16 trillion by 2030, South Korea is ensuring it has the infrastructure to lead.
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.