Ripple and Meritz test custody and tokenisation under Korean securities rules
South Korean securities firms are preparing for a wider digital asset market. Ripple and Meritz Securities signed an agreement on October 14 to explore custody and tokenisation technology within Meritz’s current regulatory permissions, with staged expansion aligned to future regulatory changes.
Initial focus: custody and tokenisation
The companies will evaluate Ripple Custody and related infrastructure for regulated capital-markets activity. Custody establishes asset safeguarding, internal approval controls, and auditable records. Korean financial institutions require these processes to operate within regulated frameworks.
Scope limitations and future options
The agreement does not launch new tradable products. Meritz is assessing additional opportunities that lie outside the current scope:
- Spot ETFs
- Fractional investments
- Security tokens
- Won-linked stablecoins
Positioning and implications
This is Ripple’s first agreement with a Korean securities firm. It is an infrastructure partnership, not an immediate driver of XRP trading volume. Commercial impact depends on which services Meritz ultimately introduces and whether the infrastructure progresses beyond exploratory work to production deployment.
Authors credited by the source: NewsBTC Editorial Team
Published by Holder based on an external source.
