XRP Ramps up in Korea as BDACS Taps Into Top Regulated Exchanges

$XRP strengthens its foothold in South Korea as BDACS enables institutional custody and compliant exchange access, accelerating adoption amid rising demand for regulated crypto infrastructure.

$XRP Lights up Korea’s Crypto Scene as BDACS Bridges Institutions and Regulations

Ripple shared on social media platform X on Aug. 5 that digital asset custody firm BDACS has added support for $XRP, allowing institutional clients in South Korea to access and manage the asset through its platform. BDACS stated:

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

The firm also emphasized the integration of $XRP into major Korean exchanges, enabling regulated trading access for institutional investors. BDACS explained: “With our recent integrations into Korea’s top exchanges—Upbit, Coinone, and Korbit, clients can now deploy $XRP across the largest trading venues in Korea in a regulatory compliant way.” These developments align with a growing demand in South Korea for compliant digital asset infrastructure, especially among institutional market participants. The rollout highlights $XRP’s entrenched role in the region’s crypto ecosystem and signals BDACS’ intent to scale services in response to regulatory clarity.

As part of a broader initiative, BDACS formalized a strategic partnership with Ripple on Feb. 26 to further develop institutional-level custody and digital asset infrastructure in South Korea. Under this agreement, BDACS will leverage Ripple Custody to secure and manage $XRP, RLUSD, and other digital assets, while contributing to the expansion of the $XRP Ledger ecosystem. This collaboration aligns with the Financial Services Commission’s regulatory roadmap and aims to support Korea’s emerging digital finance sector. BDACS CEO Harry Ryoo stated:

BDACS will provide a secure and reliable custody service to support Ripple’s pioneering blockchain initiatives. Ultimately, this partnership will enable both companies to enhance and expand the digital asset ecosystem.

Ripple’s Fiona Murray commented: “We’re excited to partner with BDACS to bring Ripple’s custody solution to institutional investors in South Korea.”