Monica Long, Ripple’s president, didn’t mince words about South Korea’s crypto trajectory. She’s convinced institutional adoption is imminent, not some far-off dream. Long emphasized the critical need for secure, institutional-grade custody technology as enterprise interest in cryptocurrency continues to surge. Ripple clearly wants to be the adult in the room when big money finally jumps in.
Institutions aren’t just coming—they’re at the doorstep, and Ripple’s positioning as crypto’s responsible adult isn’t accidental.
The regulatory landscape is shifting fast. South Korea’s Financial Services Commission has mapped out a path for institutional participation, with a pilot program for corporate crypto accounts launching in 2025. They’re trying to walk that fine line between innovation and not letting investors get burned. Good luck with that. This progressive approach has established South Korea as a global leader in technology adoption with its proactive stance on cryptocurrencies.
The numbers don’t lie. Industry projections suggest custodied crypto assets will hit a staggering $16 trillion by 2030. That’s not pocket change. Even more eye-popping? Experts predict 10% of global GDP will be tokenized by then. Ripple sees the writing on the wall. Stablecoins offer companies the perfect entry point with their consistent value unlike the volatility seen in traditional cryptocurrencies.
This BDACS partnership represents a significant milestone in Ripple’s APAC expansion strategy. They’ve been busy, having established the XRPL Japan and Korea Fund in mid-2024 to boost innovation through financial support and technical resources. Smart move.
For XRP and RLUSD, this collaboration could be a game-changer. Enhanced usability, increased demand, and improved institutional trading infrastructure might finally give these assets the boost they’ve been waiting for.
The ripple effects (pun absolutely intended) could extend far beyond South Korea. This signals growing institutional acceptance worldwide and may encourage other countries to develop similar frameworks. The crypto world is changing. Fast. And Ripple is determined to lead the charge.
