BDACS implements institutional custody for XRP in South Korea

BDACS, a digital asset custody platform licensed in South Korea, has officially supported XRP – one of the most traded digital assets in the country. This move is the first concrete result from the partnership between BDACS and Ripple announced in February.

The custody of XRP in compliance with regulations is an important step in the roadmap to expand the participation of institutions in the South Korean cryptocurrency market. BDACS also stated that it will support Ripple's stablecoin RLUSD in the future.

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