Ripple and Meritz test custody and tokenisation under Korean rules
Meritz Securities and Ripple signed an agreement to explore digital asset custody and tokenisation under current South Korean securities regulations. The initial scope: evaluate Ripple Custody and related infrastructure within Meritz’s existing permissions, with staged expansion aligned to regulatory changes.
Scope and Phasing
- Initial focus: custody and tokenisation infrastructure for regulated capital-markets activity.
- Phased approach: expand cooperation as Korea’s rules develop.
- Current agreement does not launch trading or broad consumer products.
Meritz’s Potential Product Set
- Areas under consideration: spot ETFs, fractional investments, security tokens, and a won-linked stablecoin.
- Clarification: these are ambitions, not commitments under the present agreement.
Rationale for Custody-First
- Operational requirements: asset safekeeping, internal approval controls, and auditable records for client holdings.
- Regulatory alignment: Korean institutions prioritize processes within a supervised operating model.
Market and Industry Context
- This is Ripple’s first agreement with a Korean securities firm, following prior relationships in other financial sectors in Korea.
- Interpretation: infrastructure partnership rather than a driver of immediate XRP trading volume.
- Commercial test: which services Meritz ultimately introduces and whether the technology progresses beyond exploratory stages.
Authors credited by the source: NewsBTC Editorial Team
Published by Holder based on an external source.
