South Korea’s BDACS has launched institutional custody support for XRP after partnering with Ripple. This move provides regulated access to one of the most traded digital assets, marking a significant development for institutional clients in Korea. The initiative allows secure storage and management of XRP via Ripple Custody and integrates with major exchanges like Upbit, Coinone, and Korbit. BDACS expressed its enthusiasm about this launch, emphasizing its commitment to the Korean market and highlighting the growing interest from South Korean politicians in embedding digital assets into the financial infrastructure. Furthermore, Ripple’s projections suggest that crypto custody could reach $16 trillion by 2030, with tokenized assets potentially making up 10% of global GDP. Recent studies indicate that a notable percentage of Koreans aged 20 to 50 own digital assets, with crypto increasingly being seen as a viable wealth-building tool. This uptick in interest is also echoed by traditional finance players joining the crypto landscape in South Korea.

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