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The rollout links XRP into Korea’s top trading venues and follows a February strategic partnership between BDACS and Ripple.
BDACS announced via its X account and a public release that it made XRP custody live for institutional customers. The firm said the service uses Ripple Custody, Ripple’s enterprise-grade custody solution.
The collaboration aimed to advance tokenization, support developers building on the XRP Ledger, and expand Stablecoin use cases within Busan’s blockchain regulation-free zone.
BDACS said it has integrated custody operations with South Korea’s leading exchanges — Upbit, Coinone, and Korbit — enabling institutions to deploy XRP across those platforms in a regulatory-compliant manner.
 
Institutional custody is a precondition for many professional flows. Regulated custody reduces counterparty and compliance hurdles for asset managers, banks, and corporate treasuries.
BDACS’s statement framed XRP as one of Korea’s most-traded assets and positioned its custody service as “enterprise-grade.”
The rollout also links XRP custody to three major Korean exchanges. That direct connectivity shortens settlement paths for institutional traders that need regulated custody and local liquidity access.
Ripple’s earlier press release from 26th described BDACS as a partner for custody infrastructure and RLUSD stablecoin support. The document explicitly cited Ripple Custody as the technology backbone of the collaboration.
Korea ranks among the world’s highest per capita crypto markets. Media coverage and BDACS commentary stressed XRP’s particular popularity among Korean traders. BDACS framed the custody launch as a response to “strong interest” from institutional customers.
Korean-regulated exchanges remain central to institutional on-ramps in the region. BDACS’s exchange integrations, therefore, matter to institutional traders that require local liquidity and compliance checks before allocating capital to digital assets.
BDACS Compliance and product scope — what the custody service covers
BDACS stated the custody service supports XRP, Ripple-linked stablecoins, including RLUSD, and other tokenized assets.
The public descriptions characterise the offering as regulated institutional custody rather than retail custody. BDACS’s announcements stressed enterprise-grade controls, governance, and exchange connectivity.
The launch and integrations are documented in BDACS and industry reporting dated 5–6 August 2025. Those items are verifiable through BDACS’s announcement and multiple industry outlets.
The announcements do not, in themselves, disclose institutional inflows, volumes, or client lists tied to the new custody service.
Those commercial metrics would appear in separate filings or exchange flow reports. BDACS and Ripple have not released client-level volume figures in the public statements cited here.
BDACS went live with regulated XRP custody for institutional clients on 5 August 2025, using Ripple Custody and integrating with Upbit, Coinone, and Korbit.
For allocators, the key confirmed datapoints are the launch date, the custody technology (Ripple Custody), and the three exchange integrations.
For compliance teams, the public statements emphasise regulated custody controls; they do not disclose client flows or AUM. Those figures would require follow-up with BDACS, Ripple, or exchange reports.
Source: https://zycrypto.com/xrp-custody-for-institutions-activated-using-ripple-technology-and-korean-exchange-integration/