- BDACS launches XRP institutional custody in partnership with Ripple Labs.
- Ripple expands regulated crypto access for Korean institutions.
- Institutional interest in Korean XRP access is rising.
BDACS, a South Korean crypto custodian, launched institutional XRP custody support on August 5, 2025, through Ripple Labs, broadening crypto access for Korean institutions.
The launch underscores the growing institutional interest in XRP amid regulatory support, potentially enhancing on-chain activities and market confidence.
South Korea’s BDACS has officially launched institutional custody support for XRP. In collaboration with Ripple Labs, the rollout aims to expand regulated crypto access to Korean institutions. “We’re thrilled to offer custody support for #XRP, one of the most popular digital assets in #Korea, to our institutional clients. This launch strengthens our long-standing partnership with #Ripple and underscores our commitment to the Korean market.”
BDACS’s launch expands access to XRP for institutions, directly integrating with Korean exchanges like Upbit. Ripple’s collaboration aligns with ongoing regulatory trends. More details on Ripple’s partnership with BDACS further highlight the initiative.
The launch aims to strengthen institutional involvement in XRP trading among Korean financial entities. Presently, XRP is the primary focus of custody support.
The initiative reflects the Korean Financial Services Commission’s strategy to broaden institutional crypto involvement. BDACS and Ripple affirm compliance with Korea’s crypto regulatory framework.
The partnership may heighten institutional crypto asset presence, enhancing liquidity across regulated venues in South Korea.
Historical precedence in similar custody launches shows an increase in on-chain activity, reinforcing confidence in the crypto markets. Bilateral cooperation is anticipated to boost investment innovation over time.
