Ripple and Meritz Securities Partner for Digital Asset Services in Korea
- Meritz Securities will explore Ripple Custody and tokenization services under a new agreement signed on Oct. 7.
- XRP recorded approximately $111.4 million (₩151.2 billion) in a 24-hour trading volume on Upbit, surpassing Bitcoin‘s $104.7 million (₩142.1 billion).
- South Korea plans to allow stocks and bonds to be issued in tokenized form starting Feb. 4, 2027.
- The partnership aims to integrate Ripple’s digital asset infrastructure with Korea’s capital markets capabilities.
- XRP traded at ₩1,995 on Upbit, aligning with global prices after a recent flash crash.
Meritz Securities and Ripple have partnered to explore digital asset solutions in South Korea’s evolving regulatory landscape, focusing on custody and tokenization services as initial offerings.
XRP demonstrated strong market activity by leading trading volumes on Upbit over Bitcoin, reflecting active engagement from Korean traders amidst the new partnership announcement.(Source)
