XRP custody goes live for Korean institutions via BDACS amid ‘strong interest’

South Korea’s BDACS has rolled out institutional custody support for XRP, following its partnership with Ripple and integration with top South Korean exchanges.

South Korean crypto custodian BDACS has launched institutional custody support for XRP following its February partnership agreement with Ripple. The move provides institutions with regulated access to one of the world’s most actively traded digital assets.

The rollout, announced via BDACS’s X account on Tuesday, enables institutions to securely store and manage XRP (XRP) using Ripple Custody, Ripple’s enterprise-grade custody solution.

“We’re thrilled to offer custody support for XRP, one of the most popular digital assets in Korea, to our institutional clients,” BDACS wrote. “This launch strengthens our long-standing partnership with Ripple and underscores our commitment to the Korean market.”

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