Ripple and BDACS join forces to develop crypto storage in South Korea

On February 27, 2025, Ripple announced a new partnership with the South Korean company BDACS, specializing in institutional custody of cryptocurrencies. As part of the collaboration, BDACS will use Ripple Custody to secure custody of XRP and the US dollar-pegged stablecoin RLUSD. This partnership promises to strengthen the Ripple ecosystem and open up new opportunities in South Korea.

Partnership details between Ripple and BDACS

BDACS integrates Ripple Custody, a software solution designed to securely store, manage and access cryptocurrencies for token holders, exchanges and other financial institutions. The collaboration is aimed at strengthening Ripple’s position in the region, increasing the popularity of RLUSD and taking advantage of the blockchain-friendly zone in the port city of Busan.CryptoInside notes that this move comes amid efforts by South Korean authorities to create clearer rules for corporate participation in the cryptocurrency and stablecoin market. The partnership with BDACS fits perfectly into this trend by providing institutional clients with secure asset custody solutions.

Latest updates in XRP Ledger

Ripple also announced that the XRP Ledger network continues to develop. Features already running include Clawback, which allows issuers to return tokens associated with illegal activity, and decentralized identity testing (DID). In the future, the network will gain new regulatory compliance features and expanded lending capabilities, making it even more attractive for institutional use. CryptoInside analysts believe that these updates strengthen XRPL’s competitiveness in the global market.

News highlights

• BDACS will use Ripple Custody to store XRP and RLUSD.
• The partnership supports the Ripple ecosystem and promotes RLUSD in South Korea.
• South Korea is developing regulation of cryptocurrencies, opening the way for institutional participation.
• XRP Ledger is rolling out new features for compliance and lending.

Disclaimer: The information provided in this article is for informational purposes only and does not constitute investment advice. CryptoInside is not responsible for any losses associated with the use of this information.