Ripple has strengthened its presence in South Korea through a new collaboration with BDACS, a leading local digital asset custody provider. The partnership will allow institutional investors in the region to securely store XRP, marking a significant milestone in Ripple’s strategy to expand institutional access and confidence in its native token.
According to a CoinDesk report, BDACS will integrate Ripple’s custody infrastructure into its platform, enabling banks, fintech firms, and investment institutions to hold and manage XRP in compliance with Korean regulations. This move aligns with South Korea’s growing focus on regulated digital asset storage, following the implementation of stricter guidelines under the Virtual Asset User Protection Act.
Ripple’s Head of Asia-Pacific, Rahul Advani, commented that the partnership “reinforces XRP’s role as a bridge asset for institutional-grade solutions and supports South Korea’s transition toward a compliant digital finance environment.”
For BDACS, this collaboration represents an opportunity to expand its institutional custody offering beyond Bitcoin and Ethereum, as demand for diversified crypto exposure grows among Korean enterprises and financial firms.
Industry observers note that Ripple’s deeper integration into South Korea’s crypto infrastructure could pave the way for broader adoption of XRP in cross-border payments, especially as Korean banks explore blockchain-based remittance services.
The partnership signals Ripple’s ongoing push to solidify its ecosystem in Asia, one of the most crypto-forward regions in the world. By enabling secure and compliant XRP custody, Ripple and BDACS aim to strengthen institutional trust and open new channels for utility-driven adoption of digital assets.
