BDACS & Ripple launch XRP custody in South Korea
BDACS, a leading South Korean digital asset custodian, has launched regulated institutional-grade XRP custody in partnership with Ripple. The new service, built on Ripple Custody infrastructure, offers secure storage for XRP and support for the RLUSD stablecoin, integrated with major local exchanges Upbit, Coinone and Korbit. Aligned with the South Korean Financial Services Commission’s roadmap, this move addresses surging institutional demand and paves the way for tokenization and on-chain settlements within the Busan Blockchain Free Zone. BDACS officials also eye partnerships with Avalanche (AVAX) and Polymesh to expand tokenized asset services. The expansion boosts market confidence and positions Korean institutions to capitalize on the projected $16 trillion global digital asset storage opportunity by 2030.
Bullish
The launch of regulated institutional-grade XRP custody by BDACS and Ripple is likely bullish for XRP. In the short term, compliant custody solutions reduce counterparty and regulatory risks, encouraging institutional inflows and buying pressure. Over the long term, integration with major exchanges and support for tokenization and stablecoins on the XRP Ledger can drive higher demand and broader use cases. This enhanced market infrastructure and regulatory alignment should bolster investor confidence and underpin sustained growth in XRP’s adoption and price.