Ripple Partners with Meritz Securities to Bring Custody and Tokenization to Korean Capital Markets

Ripple has partnered with Meritz Securities, its first securities firm partner in South Korea, to explore integrating Ripple Custody and tokenization tools into Korea’s capital markets. Ripple now has four institutional partners in Korea this year, including Kyobo Life Insurance, Kbank, and Jeonbuk Bank. However, Chainalysis data shows that payment tokens like XRP are losing ground in Korea’s won market; by June 2026, AI tokens overtook XRP in won trading, with Worldcoin (WLD) leading the category with $7.41 billion in volume over the year to June. XRP's monthly XRP/KRW volume reached 28.94 billion XRP in November, while the token traded at $1.37 at press time, down 7.19% over the past week.