BDACS Launches Institutional Custody for XRP, Enhancing Regulatory Access in South Korea’s Crypto Market
Main Idea
BDACS has launched institutional custody support for XRP, enhancing regulatory access and security for digital assets in South Korea, in partnership with Ripple.
Key Points
1. BDACS provides secure institutional custody for XRP, improving regulatory compliance and institutional access.
2. The service is integrated with major South Korean exchanges like Upbit and Coinone.
3. Over 25% of South Koreans aged 20-50 hold crypto assets, indicating strong market interest.
4. The partnership with Ripple aligns with South Korea’s regulatory roadmap for institutional crypto adoption.
5. South Korean politicians and Japanese banks show strong interest in XRP, with 80% of Japanese banks reportedly set to embrace it.
Description
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