Ripple Expands In South Korea With Major Partnership

Quick Summary:

Ripple has announced a strategic partnership with BDACS, a prominent digital asset custody firm in South Korea, on Thursday.

The collaboration aims to advance institutional-grade custody services and expand the digital asset ecosystem, particularly for XRP and RLUSD, within the country’s evolving regulatory landscape.

In an official press release, Harry Ryoo, CEO of BDACS, expressed optimism about the initiative: “BDACS will provide a secure and reliable custody service to support Ripple’s pioneering blockchain initiatives.

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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets: HungarySouth Korea

Topics: Ripple XRP XRP news Ripple news XRP price Ripple Custody

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-28 @ 04:00:10 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 489 words

Reading Time: 3 minutes read

Sentences: 34 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 26501455

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