Ripple deepens South Korea push with broker tie-up

On 14 October Ripple added Meritz Securities as its fourth institutional partner in South Korea this year. The brokerage will use Ripple Custody for asset safekeeping and tokenization, moving the company’s local focus from payments and insurance into capital markets.

Earlier partners include Kyobo Life Insurance exploring tokenized government bonds, Kbank building regulated digital-asset wallets, and Jeonbuk Bank, which began using Ripple Payments for cross-border transfers on 18 August.

Fiona Murray, Ripple’s Asia-Pacific managing director, pointed to the firm’s 85-plus licences and coverage of more than 60 markets. Meritz’s head of strategy Byungha Kang said the deal prepares the broker for digital-asset services as Korean rules evolve.

On 1 October the Financial Services Commission released draft rules for issuing and trading tokenized securities. The framework is tied to revised securities laws scheduled to take effect on 4 February 2027.

Based on information from cryptonews.net