Well, well, well, look who’s making waves in the world of digital assets – BDACS! The latest in crypto custody has just launched XRP for Korean institutions. Hold your applause, but don’t forget to thank Ripple while you’re at it. Oh, and there’s a dash of crypto adoption magic going on too.
It’s official: XRP custody has arrived for institutional clients in South Korea, courtesy of the local crypto custodian BDACS. If you’re thinking, “Yawn, another crypto move,” let’s just say this one’s a bit of a showstopper.
Let’s rewind the clock a bit: This all follows BDACS’ grand partnership with Ripple back in February. And what do you know? Now Korean institutions can securely store and manage XRP in a regulated environment. How positively proper.
Clearly, this launch isn’t just about the tech; it’s a reflection of the growing demand from institutional investors in South Korea. Curious? Here’s a little more on why this matters.
Institutional XRP Custody Takes Hold in Korea
On August 5th (mark your calendars), BDACS announced via X (formerly known as Twitter, yes, we still call it that) that XRP custody was finally live. The company was practically bursting with excitement over supporting one of the most actively traded digital assets in Korea. We mean, who wouldn’t want in on that action?
This strategic move allows financial institutions to play it safe with Ripple Custody, an enterprise-grade platform that guarantees secure digital asset storage. No wild adventures here-just calm, collected, and compliant.
“Our partnership with Ripple remains a cornerstone of our strategy, and our commitment to the Korean market just got a little bit stronger,” said BDACS in a statement. You can practically hear the champagne popping in the background.
XRP is now live on BDACS!
We’re absolutely thrilled to offer custody support for one of the most popular digital assets in Korea. This is what we call a partnership made in crypto heaven…
– BDACS (@BDACSKorea)
For those in the know, BDACS has also inked deals with South Korea’s finest exchanges-Upbit, Coinone, and Korbit. That’s right, folks. Institutional clients now have the ability to hold XRP across the country’s top trading platforms. Fully compliant, of course. No funny business here.
Ripple and BDACS’ Partnership
Let’s throw it back to February. Yes, when Ripple Labs and BDACS first locked arms, announcing their partnership to offer institutional custody for XRP and Ripple’s latest and greatest U.S. dollar-backed stablecoin, RLUSD. They don’t do things halfway, do they?
Ripple had the foresight to see this as a perfect match for South Korea’s Financial Services Commission (FSC) roadmap. Translation: A great way to get more institutions involved in the crypto game and create some clarity around legal frameworks. How very, very civilised.
Ripple’s enterprise clients, developers, and XRP Ledger partners were also set to benefit. BDACS, ever the visionary, promised its platform would support tokenisation, stablecoin use cases, and developer activity. Especially in the rather charming blockchain regulation-free zone of Busan. Quite cheeky, really.
Strong Local Demand for XRP Custody
South Korea is mad for crypto-especially XRP. If you haven’t heard, over 25% of South Koreans between 20-50 years of age own some form of crypto. Are you surprised? Don’t be. If anything, this is simply confirmation that the crypto revolution is absolutely on.
As for XRP, it’s regularly found on the list of the country’s most traded coins. Perhaps it’s not so surprising that XRP has had a stronghold in East Asia, especially given that Japan-South Korea’s crypto-enthusiastic neighbor-has made it a go-to for cross-border payments. In fact, some reports even suggest that up to 80% of Japanese banks may adopt XRP for cross-border transfers. Oh, the possibilities!
This growing interest among both private and institutional investors is exactly why the launch of XRP custody in Korea is being hailed as a milestone. Bravo, BDACS! 🥂
RLUSD and Tokenisation
But wait, there’s more! Ripple’s RLUSD stablecoin is also part of their master plan for institutional finance. This beauty is backed by U.S. dollar reserves and offers a regulated digital dollar option for enterprises. It’s practically the creme de la creme of stablecoins.
BDACS has gone all in, supporting both XRP and RLUSD under Ripple Custody. This is how you make your mark, folks-getting institutions to participate in tokenised assets and on-chain settlements. A little something for everyone, really.
JUST IN: Charles Hoskinson, the founder of Cardano, drops a bombshell: “By 2030, stablecoins could hit $1T to $2T, with around 500M to 1B transactions per month. That’s massive growth!”
– Angry Crypto Show (@angrycryptoshow)
Ripple has pointed to research suggesting that tokenised assets could represent 10% of global GDP in the next five years. And get this-crypto custody could skyrocket to $16 trillion in assets. If that doesn’t get you excited, I’m not sure what will. Perhaps you’d prefer a nice cup of tea instead?
With such mind-boggling numbers in play, it’s no wonder Ripple and BDACS are laying the foundation for long-term infrastructure. The future is now, my friends.
Read More
- All Data Pad Locations (Week 1) Destiny 2
- Violence District Killer and Survivor Tier List
- Grow a Garden – Complete Cooking Event Guide
- Civ 7 DLC LEAKED! Is This Sid Meier’s Most Underrated Game?!
- Top 5 Unreal Engine 5 Games with Incredible Performance
- Prestige Perks in Space Marine 2: A Grind That Could Backfire
- Gold Rate Forecast
- Meet SAKAMOTO DAYS’ Deadly New Villains: 4 Death Row Killers Ready to Cause Chaos!
- Mafia: The Old Country – Interactive Map (Sicily)
- Unveiling the Mysteries: One Piece’s Calm Belt Secrets Revealed!
2025-08-06 22:51