Ripple: This the Week XRP Wins? Korean Deal & SEC Settlememt Hints

• Ripple Custody to provide institutional-grade security for XRP and RLUSD in Korea.
• BDACS and Ripple partnership aligns with Korea’s new regulatory framework for digital assets.
• The partnership aims to expand the XRPL ecosystem and RLUSD usability in South Korea.

Ripple struck a key deal with BDACS, a Korean custody firm. This partnership complies with the Financial Services Commission’s (FSC) progressive regulatory framework that seeks to integrate institutional players into Korea’s digital asset landscape.

According to the official blog post, the key focus area of the alliance is to offer secure custody for XRP and Ripple’s RLUSD stablecoin, boosting the XRPL ecosystem’s growth, expanding RLUSD’s practical application, and leveraging Busan’s blockchain-friendly environment. The participating entities aim to bolster institutional-grade custody standards, driving technological and commercial advancements within South Korea.

Ripple: This the Week XRP Wins? Korean Deal & SEC Settlememt Hints 3

BDACS’s CEO, Harry Ryoo, emphasizes the partnership’s role in providing secure and reliable custody, enhancing the broader digital asset ecosystem. Fiona Murray, Managing Director of APAC at Ripple, highlights the strategic timing, noting the surging crypto market and the FSC’s supportive regulations.

By integrating Ripple Custody, an institutional-grade software infrastructure, BDACS intends to secure the storage and management of digital assets. This move enables the custody firm to capitalize on the projected $16 trillion crypto custody market by 2030, as well as the anticipated tokenization of 10% of global GDP.

Ripple’s Korean Leap

The firm’s support for XRP, a payment-focused digital asset, and RLUSD, a compliant USD-denominated stablecoin, aligns with the increasing institutional demand for reliable digital asset solutions. Ripple’s established track record, including over a decade of experience and 60+ regulatory licenses, reinforces its position as a trusted provider of core digital asset services.

BDACS has also strategically expansed its footprint into other key industry players, including partnerships with Avalanche, Polymesh, and Woori Bank, underscoring its commitment to leading the digital asset custody market. Additionally, the firm’s focus on tokenized securities (STO) and real-world asset tokenization (RWA) demonstrates its proactive approach to emerging market trends.

Overall, the collaboration with Ripple signifies a pivotal moment for South Korea’s digital asset sector, as it paves the way for increased institutional participation and innovation.

The partnership comes at a crucial time, as sources and insiders close to the Trump administration indicate the XRP vs SEC case will be announced as settled before the end of the week.