BDACS Wins ‘Ripple Innovation Award 2025’ in New York

• Recognized for leading global blockchain innovation in the area of real-world utility

New York, USA – BDACS, a leading digital asset custody firm for institutions, was the only Korean company recognized among the ‘Innovation Award 2025’ winners, selected by global blockchain leader Ripple. The award was announced at Ripple Swell 2025, held in New York on November 4.

The Ripple Innovation Awards are prestigious honors given to partner companies within Ripple’s global ecosystem that demonstrate groundbreaking technology and deliver real-world blockchain applications. Through this award, BDACS was recognized for its secure and reliable custody technology, robust security framework, and the scalability of its digital asset infrastructure.

At the heart of the recognition was BDACS’s Prime Custody Solution, which earned high praise for advancing real-world utility—Ripple’s key theme. The platform enables seamless on/off ramps between KRW and USD stablecoins, and provides comprehensive institutional services such as staking, escrow, lending, and on-exchange support (OES).

Other award recipients alongside BDACS included Société Générale – Forge (France), Rulematch (Switzerland), Zand Bank (United Arab Emirates), Ctrl Alt (United Kingdom), and Braza Bank (Brazil). All of these organizations are recognized as leading financial innovators in their respective countries. By being named among them, BDACS has firmly established itself as a key player in the global blockchain industry.

“Winning this award means that BDACS’s technology and pioneering spirit are being recognized not only in Korea but also in the global market,” said Harry Ryoo, CEO of BDACS. “We will continue to lead the growth and trust of the global blockchain industry by delivering secure and transparent custody services.”

BDACS plans to use this award as a springboard to expand its global custody network and further enhance its digital asset management and infrastructure capabilities. Ripple Swell, Ripple’s flagship annual conference since 2017, is an invitation-only event that gathers Ripple clients, ecosystem partners, regulators, and senior executives from leading financial institutions around the world. This year’s Ripple Swell 2025 focused on real-world financial applications and regulatory developments in blockchain, covering topics such as tokenization, stablecoins, digital asset custody, cross-border payment innovation, and compliance.

Frequently Asked Questions (FAQ)

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What is the Ripple Innovation Award?

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The Ripple Innovation Awards are prestigious honors given to partner companies within Ripple's global ecosystem that demonstrate groundbreaking technology and deliver real-world blockchain applications.

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In which category did BDACS win?

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BDACS was recognized in the Real-World Utility category for its Prime Custody Solution, and was the only Korean company among the 2025 winners.

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Which companies won alongside BDACS?

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Co-winners included Société Générale (Forge) from France, Rulematch from Switzerland, Zand Bank from UAE, Ctrl Alt from UK, and Braza Bank from Brazil.

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What is Ripple Swell?

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Ripple Swell is Ripple's flagship annual conference held since 2017, featuring an invitation-only format with attendance from global leaders in blockchain and finance.

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What does this award mean for BDACS?

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It represents global recognition of BDACS's custody technology and innovation capabilities, serving as a catalyst for expanding its global custody network.

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