XRP Surges in Korea Post-BDACS Deal, Ripple Custody Live on Exchanges
2025-08-06
Ripple’s XRP is lighting up South Korea’s crypto market following a major breakthrough with BDACS, the country’s leading regulated digital asset custodian. On August 5, BDACS officially announced live support for XRP, giving institutional investors across Korea the ability to securely and legally store and manage the digital asset.
This development is the result of a strategic Ripple partnership Korea formalized earlier this year. With XRP now integrated into BDACS’ custody infrastructure, and available across top Korean exchanges such as Upbit, Coinone, and Korbit, the launch marks a turning point in Ripple’s expansion in one of Asia’s most active crypto markets.
As XRP demand remains high among Korean traders, the latest move gives the asset a solid regulatory and institutional foundation.
What This Means for XRP in Korea
XRP has long held a strong presence in Korea, often ranking among the most traded cryptocurrencies on local platforms.
On Upbit alone, XRP accounts for around 19% of trading activity, with over $670 million in daily volume. At Bithumb, the figure is around 16%, totaling approximately $240 million per day.
However, until recently, institutional access to XRP within Korea was limited or routed through overseas services. The addition of XRP to BDACS changes that landscape entirely.
By offering custody under domestic regulation, BDACS makes it easier for Korean banks, asset managers, and financial firms to hold and use XRP legally and with confidence.
Inside the Ripple BDACS Partnership
The XRP custody Korea rollout stems from a Ripple partnership Korea announced with BDACS on February 26, 2025. The deal focused on strengthening Korea’s digital finance ecosystem by aligning with the Financial Services Commission’s regulatory roadmap.
The core objective was to support secure custody services, tokenization, and broader institutional use of digital assets like XRP and Ripple’s stablecoin, RLUSD.
With this week’s launch, those goals are becoming reality. BDACS will now offer custody services using Ripple Custody, a platform built for institutions to store, manage, and interact with tokenized assets securely.
According to BDACS CEO Harry Ryoo, the goal is to provide a secure and compliant service that supports Ripple’s blockchain innovation and offers meaningful infrastructure to the Korean market.
Ripple’s Managing Director for the Asia-Pacific region, Fiona Murray, added that the partnership reflects growing demand for regulated digital asset services in Korea and will help institutions onboard safely into the XRP Ledger ecosystem.
XRP Integration with Top Korean Exchanges
Beyond custody, BDACS confirmed that XRP has now been integrated into Korea’s largest exchanges, Upbit, Coinone, and Korbit. This move provides institutions with regulated and seamless access to XRP trading across the country’s most liquid venues.
Previously, trading XRP under local law posed challenges for institutional players. Now, with XRP supported by a regulated custodian and connected to trusted exchanges, Korean institutions can deploy the asset confidently and within compliance.
This combination of regulatory clarity, institutional custody, and exchange access positions XRP as a prime asset for future growth in Korea’s digital asset sector.
Read more about XRP:
XRP to USD: Convert Ripple to US Dollar
XRP (XRP), Market Cap, Price Today & Chart History
A Boost for Ripple’s Long-Term Plans
Ripple’s expansion into Korea is not just about short-term market excitement. The firm is positioning XRP and its ecosystem for long-term institutional relevance.
The partnership with BDACS aligns with broader goals such as tokenizing real-world assets, launching stablecoin products, and meeting regulatory demands in high-growth markets.
According to research cited by BDACS earlier this year, the global crypto custody market could grow to over $16 trillion by 2030, with as much as 10% of global GDP expected to be tokenized. Ripple and BDACS appear to be laying the groundwork to lead in this evolving financial landscape.
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FAQ
Is Korea using XRP?
There is significant demand for XRP in South Korea. The cryptocurrency is very popular on Upbit, the country's main crypto exchange, with over 7.1 million wallets and a daily trading volume of close to $95 million.
How much is XRP trading for in Korea?
The value of 1 XRP in South Korean Won (KRW) is approximately ₩3,868 KRW.
Will BRICS use XRP?
XRP is becoming a significant part of trade discussions between two BRICS nations, India and the UAE. India has completed its first crude oil transaction with the UAE using local currencies, rather than the US dollar.
Will XRP reach $1,000 dollars?
The $1,000 price target is a common belief among some crypto analysts. They anticipate that XRP will gain traction with banks and institutions for its cross-border use cases, especially after the SEC-Ripple lawsuit is resolved.
How many people own 5,000 XRP?
Based on the latest data, there are approximately 10,000 accounts that hold between 5,000 and 10,000 XRP. This is a small percentage of the total number of XRP accounts.
Disclaimer: The content of this article does not constitute financial or investment advice.
