In South Korea’s changing cryptocurrency market, Ripple collaborates with BDACS to provide custody options for XRP and Ripple USD.
Ripple Labs has announced cooperation with BDACS, a well-known digital asset custody company in South Korea, as a calculated step that demonstrates its dedication to institutional adoption.
Despite recent declines in the larger cryptocurrency market, this partnership seeks to improve custody options for XRP, Ripple USD (RLUSD), and other cryptocurrencies.
A Strategic Alliance for Institutional Development
This cooperation, which was announced on February 26, 2025, would allow Ripple to better serve South Korean financial institutions by integrating its institutional-grade custody solution into BDACS’s offerings.
Ripple President Monica Long underlined the initiative’s importance, saying, “South Korea is preparing for a wave of institutional crypto adoption.” With BDACS for XRP and RLUSD, Ripple Custody is thrilled to raise another flag in APAC.
This partnership allows for a more organized approach to institutional engagement in the cryptocurrency field and is in line with the regulatory framework established by the Financial Services Commission of South Korea.
Ripple hopes to use this collaboration to boost the usefulness of its stablecoin, RLUSD, and promote expansion within the XRP Ledger ecosystem. The nation is set to see a rise in the usage of cryptocurrencies.
Market Difficulties and Investor Attitude
Investor attitude about XRP is still noticeably positive despite the current decline in the cryptocurrency market, which has seen several assets struggle to hold their value. Many investors are hopeful that the Trump administration’s new year will bring economic recovery and regulatory certainty, which might create a favorable climate for digital assets.
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