Ripple (XRP) Lands New South Korea Deal as Meritz Securities Explores Digital Asset Custody

The partnership adds Ripple's custody and tokenization technology to Meritz Securities' plans for entering South Korea's digital asset sector. Meritz Securities is stepping further into digital assets through a new partnership with Ripple. The South Korean securities firm said on October 7 that it signed a strategic agreement with the blockchain company to explore digital asset infrastructure for the domestic market. The deal will focus on custody and tokenization as digital assets move closer to formal recognition within South Korea’s financial system. Ripple’s Korean Expansion The partnership was signed on October 1 at Meritz Securities’ headquarters in Seoul’s Yeouido district. Its chief executive, Jang Won-jae, and Ripple President Monica Long attended the ceremony, along with other officials. As part of the agreement, the companies will look at how Ripple’s tokenization infrastructure and Ripple Custody can be used in South Korea’s capital markets. Both solutions are already available to financial institutions globally. Their initial cooperation will stay within current securities business rules and other existing regulations, with plans to expand the partnership gradually as ...