BDACS has introduced institutional-grade custody solutions for XRP in South Korea, enhancing regulatory access and asset security for financial institutions. The service development follows a strategic partnership with Ripple, aligning with South Korea’s regulatory roadmap for institutional cryptocurrency adoption.
The custody platform integrates with prominent local exchanges including Upbit and Coinone, enabling compliant asset management solutions tailored for institutional investors. This expansion addresses growing demand within a market where over 25% of South Koreans aged 20-50 hold cryptocurrency assets.
Simultaneously, regional interest in XRP continues to strengthen, with notable engagement from South Korean policymakers and Japanese financial institutions. Reports indicate approximately 80% of Japanese banks are preparing to adopt XRP-based financial solutions.