Ripple signs new deal with South Korea's Meritz Securities
Ripple said Meritz will assess custody and tokenization tools as South Korean regulators develop digital asset rules.
- On Wednesday, Meritz Securities announced a strategic partnership with Ripple to explore institutional-grade custody and tokenization infrastructure within South Korea's capital markets.
- This collaboration marks Ripple's fourth Korean institutional partnership this year, following earlier agreements with Kyobo Life Insurance, Kbank, and Jeonbuk, while representing the firm's first engagement with a securities company.
- Meritz Securities will evaluate Ripple Custody infrastructure for managing digital assets, aiming to develop trusted financial services as South Korea's regulations evolve and expand.
- Neither company has confirmed a specific launch timeline for potential products, such as spot ETFs or won-denominated stablecoins, as they remain in the exploratory phase.
- Ripple operates across more than 60 markets and holds over 85 licenses globally, providing the firm with an established framework to support Meritz's institutional requirements.
24 Articles
24 Articles
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