Ripple partners with South Korea's BDACS to launch institutional-grade custody services for XRP and RLUSD
Golden Finance reported that Ripple announced a strategic partnership with South Korean digital asset company BDACS to provide institutional-grade custody services for XRP and RLUSD. Ripple announced the partnership today, noting that it is in line with the regulatory approval roadmap of the Financial Services Commission (FSC) of South Korea. The roadmap aims to support institutional participation in South Korea's digital asset market.
Under the partnership, BDACS will use Ripple Custody to provide custody solutions for the digital assets it supports, including XRP and RLUSD.