Oh, dear reader, have you heard the latest tidings from the realm of Ripple? Monica Long, the President of this illustrious enterprise, has declared her utmost delight and jubilation! For, lo and behold, Ripple’s custody platform is about to plant another flag in the vast and mysterious land of the Asia–Pacific (APAC) region, specifically in the fair and prosperous land of South Korea. 🎉
Just this very day, the noble blockchain company announced a grand alliance with BDACS, a renowned digital assets custodian in the world’s 12th largest economy. This partnership, as grand as a royal decree, will enable South Korean institutional investors to partake in the custody services for RLUSD, XRP, and other cryptocurrencies, as if they were the treasures of a bygone era. 🏛️
The collaboration, a symphony of innovation and security, aims to enhance the usability of Ripple’s regulated RLUSD stablecoin, while also bolstering the XRP Ledger ecosystem. As Ms. Long herself proclaimed, “The importance of secure, institutional-grade custody technology cannot be overstated, especially as enterprises prepare for an influx of crypto interest.” 🛡️
And if you thought the tale ended there, think again! As reported by the ever-vigilant U.Today, Ripple acquired the crypto custody provider Metaco for a princely sum of $250,000 back in 2023. Last October, the company launched a “bank-grade” custody functionality for cryptocurrency firms, a move that would make even the most skeptical of investors take notice. 🏦
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2025-02-27 08:42