Ripple and Meritz sign Korean deal to test custody and tokenisation
TL;DR: Meritz Securities and Ripple will pilot custody and tokenisation under existing Korean securities rules, with potential staged expansion as regulations permit. The agreement signals infrastructure development, not immediate XRP trading activity.
Scope and roadmap
South Korean securities firms are preparing for a broader digital asset market. Ripple’s October 14 agreement with Meritz Securities targets custody and tokenisation for regulated capital-markets use.
The companies plan to evaluate Ripple Custody and related infrastructure within Meritz’s current permissions, then expand cooperation as rules evolve. Meritz is assessing additional opportunities: spot ETFs, fractional investments, security tokens and a won-linked stablecoin. These are considerations, not products launched under this agreement.
Regulatory context and custody rationale
Custody is the starting point: a broker must safeguard assets, enforce internal approval controls and provide auditable records to support tokenised securities. Korean financial institutions require these processes to operate within a regulated model.
Implications
This is Ripple’s first agreement with a Korean securities firm, following prior relationships in other parts of Korea’s financial sector. The announcement indicates an infrastructure partnership. The commercial test: which services Meritz introduces and whether the technology progresses beyond exploratory work.
Authors credited by the source: NewsBTC Editorial Team
Published by Holder based on an external source.
