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South Korea’s BDACS to Use Ripple Custody for Institutional XRP, RLUSD Holdings

CoinDesk LogoCoinDesk11h ago

South Korea’s BDACS to Use Ripple Custody for Institutional XRP, RLUSD Holdings - CoinDesk

Quick Summary:

The collaboration aims to bolster Ripple’s ecosystem, enhance RLUSD adoption, and tap into Korean port city Busan’s blockchain-friendly economic zone.

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.

The move comes as Korean authorities are trying to make clearer regulations for corporate participation in cryptocurrencies and stablecoins.

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South Korea’s BDACS to Use Ripple Custody for Institutional XRP, RLUSD Holdings - CoinDesk (Picture 1)

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Article Details

Author / Journalist: Shaurya Malwa

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-27 @ 12:36:14 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 161 words

Reading Time: 1 minutes read

Sentences: 20 lines

Sentence Length: 9 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 26475023

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About CoinDesk

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Main Topics: Crypto

Official Website: coindesk.com

Update Frequency: 17 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #8

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  • URL: https://beamstart.com/news/south-koreas-bdacs-to-use-17406605211696

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