South Korean digital asset infrastructure firm BDACS announced that it received the "Innovation Award 2025" at Ripple Swell 2025 held in New York on November 4. BDACS was the only Korean company to be recognized among this year’s winners.
The Ripple Innovation Awards honor partners within Ripple’s global ecosystem that demonstrate exceptional technological innovation and real-world blockchain applications. BDACS earned recognition for its custody technology, robust security framework, and scalable infrastructure.
Prime Custody Solution Recognized for Real-World Utility
In particular, the company’s Prime Custody Solution was highly evaluated under Ripple’s "Real-World Utility" category. The platform provides institutional clients with comprehensive digital asset services, including KRW/USD-based stablecoin on/off-ramp, staking, escrow, lending, and trading support (OES).
Global Recognition Among Industry Leaders
Other winners included Société Générale (France), Rulematch (Switzerland), Zand Bank (UAE), Ctrl Alt (UK), and Braza Bank (Brazil)—all recognized as leading innovators in their respective financial markets.
CEO's Statement on Global Recognition
"This award signifies global recognition of BDACS’s technology and commitment to innovation beyond Korea. We will continue to advance secure and transparent custody services that foster trust and growth in the blockchain industry."
Harry Ryoo, CEO of BDACS, expressed his thoughts on the achievement.
About Ripple Swell
Ripple Swell, launched in 2017, is Ripple’s flagship annual conference that gathers financial leaders, regulators, and ecosystem partners from around the world to discuss topics such as tokenization, stablecoins, custody solutions, and global payment innovation.