BDACS Unveils XRP Custody in South Korea via Ripple
BDACS, South Korea’s leading crypto custodian, has launched institutional XRP custody services built on Ripple Custody. The new service integrates with major exchanges Upbit, Coinone and Korbit, complying with the Korea Financial Services Commission’s roadmap. It follows BDACS’s partnership with Ripple in February 2025 and preps support for Ripple’s US dollar stablecoin RLUSD. Retail adoption is growing: a Hana Institute report shows 25% of Koreans aged 20–50 hold digital assets, representing 14% of portfolios, with 70% planning to increase crypto exposure. Traditional banks are filing trademarks for won-backed stablecoins. The XRP custody launch gives institutions secure, regulated storage and seamless exchange access, highlighting rising demand for digital asset custody in South Korea and strengthening XRP’s market infrastructure.
Bullish
The rollout of institutional XRP custody services by BDACS in partnership with Ripple is likely to be bullish for XRP. In the short term, the new custody solution enables institutional investors to securely enter the market, potentially boosting buy-side demand and liquidity. Integrating with major exchanges and aligning with regulatory guidelines reduces counterparty risk, which could support price stability or appreciation. Over the long term, establishing regulated custody infrastructure and paving the way for support of Ripple’s stablecoin RLUSD strengthens XRP’s utility and market infrastructure. This development signals growing institutional confidence and could drive sustained demand for XRP, underpinning its market growth.