XRP Continues to Gain Traction in Asia with Institutional Interest and Infrastructure Developments
XRP is experiencing a resurgence in Asia, fueled by renewed institutional interest and infrastructure advancements in key crypto hubs such as South Korea and Japan. Despite the token’s price remaining relatively stable around $3, the expansion of the XRP Ledger’s adoption and infrastructure is driving this renewed interest in the region.
BDACS Launches XRP Custody Service
On August 5, BDACS, a leading digital asset custody provider, announced the addition of support for XRP. While the service is currently only available to institutional clients, it reflects the growing demand for secure XRP handling among professional investors in South Korea. BDACS highlighted XRP’s increasing market presence in the country and its integration with major local exchanges like Upbit, Coinone, and Korbit. This move allows institutional clients to interact with XRP on these platforms in compliance with regulatory standards. BDACS also hinted at future collaborations, indicating that this rollout is just the beginning of a broader strategic partnership.
SBI Holdings Plans XRP ETF in Japan
Financial services giant SBI Holdings is gearing up to launch exchange-traded funds (ETFs) for XRP and Bitcoin in Japan. This initiative was revealed in the company’s Q2 2025 earnings report, making it one of the first ETF proposals in Asia to include a digital asset. If approved, these funds would provide Japanese investors with regulated access to XRP and Bitcoin, potentially boosting liquidity and institutional involvement. The introduction of an XRP ETF could set a precedent for the adoption of altcoin ETFs in the region. SBI’s strong partnership with Ripple underscores its commitment to XRP, as the firm is one of the largest corporate holders of the token and has supported its use in cross-border financial applications. The launch of the XRP ETF further solidifies SBI’s belief in the token’s role in global payments.
In conclusion, XRP’s growing traction in Asia is driven by a combination of institutional interest and infrastructure developments, as evidenced by BDACS’ XRP custody service in South Korea and SBI Holdings’ plans for an XRP ETF in Japan. These initiatives reflect a positive outlook for XRP’s adoption and utilization in the region’s evolving crypto landscape.