what's BDACS?
BDACS is a regulated institutional digital asset custody provider headquartered in South Korea. It offers enterprise-grade secure storage solutions for cryptocurrencies, enabling institutions to safely hold and manage assets while complying with local regulations. BDACS integrates with major Korean exchanges like Upbit, Coinone, and Korbit, facilitating institutional deployment of digital assets. The company expanded through a strategic partnership with Ripple in early 2025, adopting Ripple Custody to support XRP and RLUSD holdings. This collaboration culminated in the live launch of XRP custody services in August 2025, positioning BDACS as a key player in South Korea's crypto ecosystem and leveraging Busan's blockchain-special economic zone for innovation in institutional crypto adoption.
KRW1 stablecoin, backed by Korean won, launched on Polygon blockchain.
Links
x.com/bdacskoreaLaunched regulated institutional custody for XRP in South Korea in 2025 through partnership with Ripple.
KRW1 stablecoin launches on Polygon blockchain, backed by Korean won.
BDACS and Woori Bank launched KRW1, a won-backed stablecoin on Avalanche.
BDACS joins Circle's Arc Testnet public launch as the issuer of KRW1 stablecoin, participating in an ecosystem that includes BlackRock, Goldman Sachs, Visa, Mastercard, Coinbase, and other major financial institutions.