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International Business Times
International Business Times
Business
Marvie Basilan

Ripple Partners With South Korea's BDACS To Drive Institutional Custody For $XRP, $RLUSD

Ripple United States South Korea XRP Crypto
Ripple's $RLUSD stablecoin (Credit: Ripple on X / Video Screenshot)

KEY POINTS

  • BDACS will utilize Ripple Custody to provide infrastructure for crypto custodians, OTC desks, and exchanges
  • Ripple said the strategic partnership is a 'major step in advancing the onchain economy in the region'
  • $RLUSD has made significant strides in recent weeks, including passing 120 million in supply

Fintech firm Ripple has secured a strategic partnership with BDACS, a leading digital asset institutional custody firm in South Korea, marking a major milestone in Ripple's global reach.

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