South Korea’s BDACS Partners with Ripple Custody for Digital Asset Storage

Institutional crypto storage firm XRP has partnered with Ripple to use its custody service for safeguarding institutional holdings of XRP and RLUSD. Key points include:

• The partnership aims to enhance the Ripple ecosystem and promote RLUSD adoption.
• Focus on South Korea's Busan, a blockchain-friendly economic zone.
• Ripple Custody offers software infrastructure for secure cryptocurrency management.
• Korean authorities are clarifying regulations for corporate crypto participation.
• Ripple plans to enhance the XRP Ledger with more compliance functions and expanded lending features.
• Current market status: XRP down 2.2% in the last 24 hours.