XRP Gains Institutional Access in South Korea Through BDACS Custody Launch
The post XRP Gains Institutional Access in South Korea Through BDACS Custody Launch appeared on BitcoinEthereumNews.com. Altcoins South Korean crypto custodian BDACS has officially launched institutional custody services for XRP. The service went live on August 5, following Ripple’s partnership agreement signed in February. TL;DR BDACS launched XRP custody for Korean institutions following its Ripple partnership. The service integrates with South Korea’s leading exchanges, including Upbit, Coinone and Korbit. Korean crypto adoption stays high, with 25% of adults owning digital assets. According to an announcement via its official X account, BDACS described XRP as one of Korea’s most popular digital assets among institutional investors. BDACS enables institutions to securely store and manage XRP holdings through Ripple’s custody infrastructure. The service addresses growing demand from Korean institutions seeking regulated exposure to digital assets. The timing aligns with South Korea’s regulatory roadmap for institutional crypto adoption. The Financial Services Commission has outlined policies to expand institutional participation in the country’s digital asset market. Integration with Leading Korean Exchanges BDACS has integrated its custody services with South Korea’s leading cryptocurrency exchanges. This includes partnerships with Upbit, Coinone, and Korbit. Institutional clients can now deploy XRP across these platforms seamlessly. BDACS emphasized that all transactions occur within Korea’s regulatory framework. This approach ensures transparency and security for institutional XRP holdings. The custody solution supports both storage and active trading strategies. Institutions can access liquidity across multiple platforms while maintaining centralized custody controls. The integration reduces operational complexity for institutional XRP management. Korean crypto adoption rates remains remarkable. According to a recent report from the Hana Institute of Finance, 25% of Koreans aged 20-50 own digital assets. The data further shows that Cryptocurrency represents 14% of this age groups financial portfolios on average. According to the report, those in their 40s led participation at 31%, followed by people in their 30s at 28% and 50s at 25%. Traditional Finance Sector Engagement…
The post XRP Gains Institutional Access in South Korea Through BDACS Custody Launch appeared on BitcoinEthereumNews.com.
Altcoins South Korean crypto custodian BDACS has officially launched institutional custody services for XRP. The service went live on August 5, following Ripple’s partnership agreement signed in February. TL;DR BDACS launched XRP custody for Korean institutions following its Ripple partnership. The service integrates with South Korea’s leading exchanges, including Upbit, Coinone and Korbit. Korean crypto adoption stays high, with 25% of adults owning digital assets. According to an announcement via its official X account, BDACS described XRP as one of Korea’s most popular digital assets among institutional investors. BDACS enables institutions to securely store and manage XRP holdings through Ripple’s custody infrastructure. The service addresses growing demand from Korean institutions seeking regulated exposure to digital assets. The timing aligns with South Korea’s regulatory roadmap for institutional crypto adoption. The Financial Services Commission has outlined policies to expand institutional participation in the country’s digital asset market. Integration with Leading Korean Exchanges BDACS has integrated its custody services with South Korea’s leading cryptocurrency exchanges. This includes partnerships with Upbit, Coinone, and Korbit. Institutional clients can now deploy XRP across these platforms seamlessly. BDACS emphasized that all transactions occur within Korea’s regulatory framework. This approach ensures transparency and security for institutional XRP holdings. The custody solution supports both storage and active trading strategies. Institutions can access liquidity across multiple platforms while maintaining centralized custody controls. The integration reduces operational complexity for institutional XRP management. Korean crypto adoption rates remains remarkable. According to a recent report from the Hana Institute of Finance, 25% of Koreans aged 20-50 own digital assets. The data further shows that Cryptocurrency represents 14% of this age groups financial portfolios on average. According to the report, those in their 40s led participation at 31%, followed by people in their 30s at 28% and 50s at 25%. Traditional Finance Sector Engagement…
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