South Korea’s BDACS Adds XRP Custody Support
BDACS, a regulated custodian in South Korea, now offers institutional custody support for XRP.
- BDACS to provide custody services for XRP in South Korea
- XRP gains institutional-grade support amid growing demand
- Move signals increased regulatory clarity in the region
XRP Gains Institutional Support in South Korea
In a notable development for XRP holders, BDACS, a regulated digital asset custodian in South Korea, has announced it will now offer institutional-grade custody support for XRP. This move enhances XRP’s legitimacy in one of Asia’s most crypto-forward markets and signals a positive shift toward broader institutional adoption.
BDACS (Busan Digital Asset Custody Services) operates under South Korean regulatory frameworks, catering specifically to institutional clients seeking secure and compliant crypto custody solutions. The addition of XRP to its supported assets list marks a strategic expansion, reflecting rising demand for secure XRP storage solutions in the region.
What This Means for XRP and the Market
The timing of this update is significant. South Korea is one of the most active crypto markets globally, and regulatory clarity is becoming more critical for institutional participation. By supporting XRP, BDACS is enabling local financial institutions and corporate investors to safely store and manage XRP holdings.
This development also follows growing global interest in XRP, especially after Ripple’s partial legal victory in the U.S. against the SEC. The decision to offer XRP custody may reflect increasing confidence in the asset’s regulatory positioning and long-term potential.
Boosting XRP’s Institutional Appeal
Institutional custody is a key component for any digital asset looking to scale its use among larger players. The inclusion of XRP by BDACS strengthens its institutional use case, possibly paving the way for further adoption in payment solutions, remittances, and cross-border financial services—areas where XRP has long claimed relevance.
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