BDACS & Ripple don launch XRP custody for South Korea

BDACS, wey be top digital asset custodian for South Korea, don launch regulated institutional-grade XRP custody wit partnership wit Ripple. Dis new service wey dem build on top Ripple Custody infrastructure, dey offer secure storage for XRP plus support for RLUSD stablecoin, wey connect wit big local exchanges like Upbit, Coinone and Korbit. E align wit South Korean Financial Services Commission roadmap, dis move dey address the rising demand from institutions and e dey pave way for tokenization and on-chain settlements for inside Busan Blockchain Free Zone. BDACS officials still dey look partnership wit Avalanche (AVAX) and Polymesh to expand tokenized asset services. Dis expansion go boost market confidence and position Korean institutions to take advantage of the projected $16 trillion global digital asset storage opportunity by 2030.
Bullish
Di launch wey BDACS and Ripple do for regulated institutional-grade XRP custody go likely good for XRP. Short term, compliant custody solutions dey reduce counterparty and regulatory risks, e dey encourage institutional inflows and buying pressure. Long term, when dem integrate with big exchanges and support tokenization plus stablecoins on XRP Ledger, e fit increase demand wella and make use cases more broad. Dis better market infrastructure and regulatory alignment suppose boost investor confidence and support steady growth for XRP adoption and price.