XRP continues to strengthen its position in the crypto market with a new step towards institutions. South Korea's BDACS is beginning to offer custody services for XRP, drawing attention to the growing interest in cryptocurrencies.
BDACS Offers Custody Services for XRP
BDACS (Busan Digital Asset Custody Services), a regulated digital asset custodian in South Korea, has announced that it will now offer institutional-grade custody support for XRP. This move enhances XRP’s legitimacy in one of Asia’s most crypto-forward markets and signals a positive shift toward broader institutional adoption.
What This Means for XRP and the Market
By supporting XRP, BDACS enables local financial institutions and corporate investors to safely store and manage their holdings. This update comes amid growing global interest in XRP, especially following Ripple’s partial legal victory against the SEC in the U.S. The decision to provide custody for XRP may reflect increasing confidence in the asset’s regulatory positioning and long-term potential.
Boosting XRP’s Institutional Appeal
Institutional custody is a key component for any digital asset looking to scale its use among larger players. The inclusion of XRP by BDACS strengthens its institutional use case, possibly paving the way for further adoption in payment solutions, remittances, and cross-border financial services—areas where XRP has long claimed relevance.
Thus, the provision of custody services for XRP in South Korea highlights the growing interest in the cryptocurrency and contributes to the development of the institutional sector, as well as the potential expansion of XRP usage in various financial services.
