This resurgence comes as the token’s price has remained relatively bound around the $3 mark over the past month, coinciding with the continued expansion of the XRP Ledger’s adoption and infrastructure.
This service, however, is currently limited to institutional clients, reflecting growing demand for secure handling of XRP among Korea’s professional investors.
The move enables institutional clients to interact with XRP on these platforms in a manner that aligns with regulatory expectations.
BDACS also emphasized that its XRP support strengthens its relationship with Ripple, describing the update as a stepping stone toward deeper involvement in the Korean market.
The firm hinted at further collaborations, suggesting that this rollout marks the beginning of a broader strategic alignment.
If approved, the funds would give Japanese investors regulated access to both assets, enhancing liquidity and institutional participation. The XRP ETF, in particular, could serve as a bellwether for broader altcoin ETF adoption across the region.
The firm is one of the largest corporate holders of XRP and has consistently backed its use in cross-border financial applications. So, this ETF’s ambitions further underscore its belief in the token’s role in global payments.
