Well, well, well, look who’s teaming up! South Korea’s very own BDACS, the big dog of digital asset custody, has decided to buddy up with Ripple to make sure those crypto assets stay safe and sound—because who wants a loose wallet in the wild world of digital currency? Certainly not you! 🧐
“Today, we’re partnering with BDACS to launch secure institutional crypto custody in South Korea: @BDACSKorea will use Ripple Custody to keep XRP, RLUSD, and other crypto assets locked down tight. Get ready for the crypto revolution, folks!”
— Ripple (@Ripple) February 27, 2025
In case you missed it, BDACS will be taking care of Ripple’s babies—XRP and RLUSD, which is Ripple’s special USD-backed stablecoin. The big idea? They’re gonna push RLUSD through the XRPL network, expand crypto trading in Asia (because why not?), and offer a super-secure digital vault in Busan City. You know, just casually revolutionizing crypto custody. 💼💸
But wait, there’s more! BDACS CEO Harry Ryoo had to say something profound like, “We’re making sure your crypto stays safe while Ripple does the whole ‘blockchain innovation’ thing. The goal? Expand the digital ecosystem like we’ve never seen before!” 🙄
BDACS is throwing in Ripple Custody tech, which basically means your digital assets will be locked down like Fort Knox (but with more computers and fewer guards). More and more institutions are jumping into the crypto game, so this partnership is all about making it easy to keep your crypto safe, while you sip your coffee and smile. ☕📈
The crypto custody market is expected to explode, potentially hitting $16 trillion by 2030. Yeah, you read that right—$16 trillion. And don’t forget, tokenized assets are projected to make up a solid 10% of global GDP. Get ready for a whole new world of wealth! 🌍💰
For those institutions out there looking to dip their toes into crypto, BDACS is your new best friend, offering a sweet trading option for XRP and RLUSD. XRP’s been around and stable like your grandma’s old rocking chair, while RLUSD is the go-to for those serious, rule-abiding crypto investors. 🤓
Ripple’s APAC Managing Director Fiona Murray thinks this partnership is, like, a game-changer for South Korea’s digital asset world. Well, duh! What else did you expect? 🏆
As the country starts to roll out clearer crypto regulations, demand for secure custody solutions is about to hit the roof. BDACS is making big moves, even partnering with Avalanche, Polymesh, and Woori Bank to get into tokenized securities and real-world asset tokenization. You know, just some light work to change the future of finance. 🤖
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2025-02-27 13:42