Share this article
South Korea’s BDACS to Use Ripple Custody for Institutional XRP, RLUSD Holdings
The collaboration aims to bolster Ripple’s ecosystem, enhance RLUSD adoption, and tap into Korean port city Busan’s blockchain-friendly economic zone.
Feb 27, 2025, 12:36 p.m.
What to know:
- The collaboration aims to bolster Ripple’s ecosystem, enhance RLUSD adoption.
- Ripple said in a recent update that the XRP Ledger network will build out more compliance functions and expand lending
Institutional crypto storage firm BDACS said on Wednesday it will use Ripple Custody, a storage service by payments firm Ripple, for securing institutional holdings of XRP and dollar-pegged stablecoin RLUSD.
The collaboration aims to bolster Ripple’s ecosystem, enhance RLUSD adoption, and tap into South Korean port city Busan’s blockchain-friendly economic zone.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Ripple Custody provides software infrastructure for crypto custodians, exchanges, and more similar businesses to safely store, manage and access cryptocurrencies.
The move comes as Korean authorities are trying to make clearer regulations for corporate participation in cryptocurrencies and stablecoins.
Ripple said in a recent update that the XRP Ledger network will build out more compliance functions and expand lending, among other features. These are in addition to features already live on the network, including clawback — a feature allowing the issuer to reclaim tokens tied to illicit activity — to decentralized identity tests.
XRP is down 2.2% in the past 24 hours, in line with a broader market drop.
Більше для вас
Що варто знати:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Більше для вас
Jump Trading sued for $4 billion in connection to Do Kwon’s Terra Labs collapse: WSJ
The administrator winding down what remains of Terraform is suing Jump Trading, accusing it of contributing to its demise while profiting illegally.
Що варто знати:
- The bankruptcy administrator of Terraform Labs is suing Jump Trading for allegedly profiting from and contributing to a $40 billion crash.
- Todd Snyder, responsible for winding down Terraform Labs, seeks $4 billion in damages from Jump Trading and its executives.
- Terraform Labs collapsed in 2022 after its stablecoin TerraUSD lost its dollar peg, leading to a market crash and the downfall of its sister token, Luna.
Top Stories
