6-8-2025 – South Korean crypto custodian BDACS has introduced institutional custody services for XRP, expanding secure storage options for financial institutions. The service, announced on August 5, leverages Ripple’s enterprise-grade custody platform and integrates with major exchanges like Upbit, Coinone, and Korbit, enabling compliant trading.
The launch follows a February 2025 partnership between BDACS and Ripple, aligning with South Korea’s Financial Services Commission roadmap for regulated crypto adoption. XRP, a top-traded asset in South Korea, benefits from this move, which provides institutions with secure, compliant access to manage and deploy holdings. BDACS’s infrastructure supports Ripple’s broader goal of expanding the XRP Ledger ecosystem, particularly in Busan’s blockchain regulation-free zone.
Ripple projects the crypto custody market could reach $16 trillion by 2030, reflecting growing institutional demand. This development strengthens South Korea’s position as a crypto hub, where 25% of adults aged 20–50 hold digital assets, per a Hana Institute of Finance report. By offering regulated custody, BDACS addresses barriers faced by institutions, fostering confidence in XRP as both a settlement and tradable asset. The partnership also sets the stage for broader adoption of Ripple’s stablecoin, RLUSD, in the region.
