BDACS Launches XRP Custody Services for Institutions, Enhancing Ripple’s Presence in South Korea’s Regulated Market

Key Points

1. BDACS introduced XRP custody services for institutional investors in South Korea, integrating with top exchanges like Upbit, Coinone, and Korbit.

2. The service ensures compliance with South Korean regulations, offering a secure environment for managing XRP.

3. Ripple Labs collaborated with BDACS earlier this year to provide custody solutions for XRP and its stablecoin RLUSD, aligning with local regulatory frameworks.

4. The launch is expected to legitimize digital assets in South Korea and strengthen BDACS's partnership with Ripple.

5. Institutional investors can now deploy XRP in a fully compliant environment, enhancing exposure within regulated trading venues.