South Korea’s BDACS has initiated institutional custody support for XRP following a partnership with Ripple. This move allows institutions to securely store and manage XRP, one of the most actively traded digital assets. BDACS reported integration with major South Korean exchanges such as Upbit, Coinone, and Korbit, enabling regulatory compliant deployment of XRP across these platforms. Ripple's partnership is set to support the growing institutional adoption of crypto in South Korea, which is aligned with regulatory plans outlined by the Financial Services Commission. Projections indicate that crypto custody could reach $16 trillion by 2030, with tokenized assets potentially comprising 10% of global GDP. Interest in XRP as an infrastructure candidate in Asia is rising, with Japanese banks also showing significant interest. Recent data shows that over 25% of South Koreans aged 20-50 own digital assets, reflecting a growing confidence in cryptocurrency as a wealth-building tool, further encouraging traditional banks to engage with the sector.

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