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Sujit Kumar
Feb 27, 2025
by Sujit Kumar

Ripple Partners with BDACS to Boost Crypto Custody in Korea

Ripple Partners with BDACS

Table of contents

  1. Strengthening Custody Infrastructure
  2. A Strategic Move for Growth
Ripple President Monica Long recently took to X to emphasize the critical importance of institutional adoption of digital assets in South Korea. In her announcement, she unveiled Ripple’s new partnership with BDACS, a leading digital asset custody firm in the region. The collaboration aims to build a robust custody infrastructure for cryptocurrencies like XRP and RLUSD, ensuring secure storage and efficient management for institutional investors.

Strengthening Custody Infrastructure

The partnership with BDACS is set to enhance the overall security and accessibility of crypto assets. BDACS will integrate Ripple Custody into its platform, providing institutions a reliable and regulated solution to trade and store digital assets. BDACS CEO Harry Ryoo highlighted the significance of this collaboration, stating that it will offer a secure platform that meets all regulatory standards. This move aligns with South Korea’s regulatory roadmap from the Financial Services Commission, which encourages increased institutional participation in the digital asset market.

A Strategic Move for Growth

Fiona Murray, Managing Director of APAC at Ripple, expressed her optimism about the partnership, noting that it will enable Ripple to extend its custody services to more institutional investors in South Korea. As regulatory reforms and enhanced corporate participation drive growth in the crypto sector, this collaboration is expected to play a pivotal role in expanding the adoption of digital assets. With secure custody solutions becoming increasingly essential, Ripple and BDACS are poised to set new benchmarks in the region’s evolving crypto landscape.

 

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Ripple Partners with BDACS
Ripple Partners with BDACS to Boost Crypto Custody in Korea
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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