- BDACS has launched institutional XRP custody services in South Korea using Ripple Custody.
- The move aligns with South Korea’s favorable crypto regulations and integrates XRP with major local exchanges.
- XRP is gaining strong traction across Asia, with increasing institutional use in South Korea and Japan.
South Korean digital assets custodian BDACS has officially launched institutional custody services for XRP, further cementing its strategic partnership with Ripple and signaling stronger institutional adoption of digital assets in Asia.
Announced on Tuesday through the company’s X (formerly Twitter) account, the rollout allows institutions to securely manage and store XRP using Ripple Custody, the enterprise-level digital asset solution developed by Ripple Labs.
“This launch strengthens our long-standing partnership with Ripple and underscores our commitment to the Korean market,” BDAC said in a statement.
Institutional Access to XRP Expands in a Regulated Landscape
The announcement comes just months after BDACS and Ripple formalized their partnership in February. The collaboration was designed to align with South Korea’s evolving regulatory stance on digital assets, which has increasingly supported institutional participation in the crypto economy.
Also Read: Ripple (XRP)-SEC Lawsuit: One Twist Could Change Everything
BDACS also revealed that it has completed integrations with major Korean exchanges, including Upbit, Coinone, and Korbit. This move provides institutional clients with a streamlined, regulation-compliant pathway to deploy XRP across the nation’s top trading platforms.
As one of the most actively traded cryptocurrencies in the region, XRP’s inclusion in BDACS’s custody offering addresses growing demand from South Korean institutions seeking secure exposure to blockchain assets.
XRP is now live on BDACS!
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.… pic.twitter.com/j8IKSBr7W7
— BDACS (@BDACSKorea) August 5, 2025
Ripple Aims to Broaden XRP Ledger Use Through Asia
Ripple has continued its push into Asia with a focus on expanding institutional adoption of XRP and its stablecoin RLUSD. The deal with BDACS is part of a broader strategy to capitalize on regulatory developments in South Korea, where the Financial Services Commission has laid out guidelines for regulated crypto engagement.
Ripple has also identified South Korea’s blockchain innovation hub in Busan as a key target for integrating RLUSD into real-world financial applications. With a supportive regulatory framework in place, Ripple sees an opportunity to establish XRP and RLUSD as foundational infrastructure for the region’s digital economy.
According to forecasts cited by Ripple, the global crypto custody market could exceed $16 trillion by the end of the decade, with tokenized assets potentially accounting for 10% of global GDP.
Asia Emerges as a Key Player in XRP Infrastructure
The move by BDACS is just one of several signs that XRP is becoming a favored choice for financial infrastructure in Asia. Agne Linge, head of growth at decentralized banking platform WeFi, said in a statement that XRP is gaining traction as a serious settlement solution among policymakers and financial institutions in the region.
“South Korean politicians have been demonstrating strong interest in making the digital asset ecosystem a legitimate part of the financial infrastructure,” Linge said.
She also noted growing adoption in neighboring Japan, where reports suggest that nearly 80% of banks are preparing to implement XRP for international remittance and payment services. These developments position XRP as one of the most institutionally integrated cryptocurrencies in East Asia.
Strategic Partnerships Accelerate Institutional Crypto Growth
BDACS’s rollout of XRP custody services reflects a broader shift toward regulated digital asset infrastructure in South Korea. As financial institutions demand higher security standards and compliance measures, partnerships like the one between Ripple and BDACS are helping bridge traditional finance with blockchain technology.
For Ripple, the latest move not only deepens its presence in South Korea but also enhances the global reach of the XRP Ledger ecosystem.
Also Read: Banks Could Roll Out XRP-Powered Payment Systems in Just Weeks, Experts Say
