Ripple and Meritz partner to pilot custody for tokenised securities in Korea
Meritz Securities and Ripple will pilot custody and tokenisation within Korea’s existing securities rules, with any expansion tied to regulatory changes.
Scope of the agreement
Date: October 14. Initial focus: Ripple Custody and related infrastructure for regulated capital-markets activity. Expansion: staged cooperation as Korea’s rules develop. Notable: Ripple’s first agreement with a Korean securities firm.
Operational rationale
Custody precedes tokenised products: brokers must safeguard assets, enforce internal approval rules, and provide auditable records of client holdings. Korean financial institutions require these controls inside a regulated operating model.
Potential product avenues at Meritz
Under evaluation: spot ETFs, fractional investments, security tokens, and a won-linked stablecoin. Status: not launched under this agreement.
Market implications
Nature of partnership: infrastructure-focused rather than a driver of immediate XRP trading volume. Commercial test: which services Meritz introduces and whether the technology progresses beyond exploratory deployment.
Authors credited by the source: NewsBTC Editorial Team
Published by Holder based on an external source.
