Ripple announced a strategic partnership with the South Korean digital asset company BDACS to provide institutional custody services for XRP and RLUSD. Ripple today announced this partnership and noted that it aligns with the regulatory approval roadmap of the Financial Services Commission (FSC) of South Korea. The roadmap aims to support institutional participation in South Korea's digital asset market.

Under the partnership, BDACS will utilize Ripple Custody to provide custody solutions for the supported digital assets (including XRP and RLUSD).