Ripple Adds Meritz Securities as Fourth South Korean Partner

Ripple has added Meritz Securities to its South Korean institutional partnerships, marking its first agreement with a securities firm in the country, according to CryptoNews. Announced on October 14, the partnership involves exploring custody and tokenization services within the broker's existing regulatory perimeter and current business operations.

Expanding Korean Footprint

The agreement with Meritz Securities joins three other institutional partnerships previously announced by Ripple in South Korea, which include Kyobo Life, Kbank, and Jeonbuk Bank. According to the company announcement, the collaboration with Meritz does not identify a live token, XRP transaction, or launch date, and the deployment of Ripple Custody does not automatically create a public XRP Ledger account for every client.

Meritz stated it is assessing spot exchange-traded funds, fractional investments, security tokens, trading platforms, and won-denominated stablecoins as South Korean regulatory frameworks evolve. The announcement outlines broader exploration rather than a binding commitment to utilize the XRP token or issue assets directly on the XRP Ledger.

Key facts

• Ripple added Meritz Securities as its fourth South Korean institutional partnership on October 14.
• The agreement focuses on exploring custody and tokenization infrastructure.
• Previous Korean partners include Kyobo Life, Kbank, and Jeonbuk Bank.
• The announcement does not name a live token, transaction, issuance date, or commitment to use XRP.