Several companies have begun to include the token XRP in their financial reports, indicating a growth in institutional adoption of the cryptocurrency.
Increasing Number of Companies Adopting XRP
Legal attorney and XRP enthusiast Bill Morgan shared an update on more companies starting to hold XRP on their balance sheets. According to the latest data presented in SEC forms, Flora Growth already includes XRP alongside Solana and Ethereum in its assets. In a statement on its website, the company noted that it acquired these digital assets to strengthen its financial position.
XRP Launch on BDACS
XRP is now available on the BDACS platform, enabling custody services for institutional clients. The launch of XRP on this platform confirms the long-term partnership with Ripple and highlights interest in the Korean market. Integration with leading Korean exchanges allows clients to utilize XRP on the largest trading venues in the country.
XRP Market Conditions
According to the latest data, at the time of writing, XRP is trading at $2.97 amid a general market downturn. Additionally, major Korean exchanges reported significant transfers of XRP to unknown wallets, further drawing attention to the ongoing changes in the market.
Institutional adoption of XRP continues to grow, which may signal stability and interest in the token from major market players.
