Ripple Partners with Meritz Securities to Expand in South Korea
Ripple is entering South Korea's capital markets through a strategic partnership with Meritz Securities.
- Ripple partners with Meritz Securities for digital asset custody and tokenization in South Korea.
- Meritz Securities aims to enter South Korea's digital asset sector using Ripple's technology.
- XRP down 3.83% in 24 hours amid broader market decline.
Both outlets confirm the strategic partnership between Ripple and Meritz Securities to explore digital asset custody and tokenization in South Korea, with no discrepancies in the reported details.
Ripple has announced a strategic partnership with Meritz Securities, a major South Korean financial firm, to explore opportunities in the country's capital markets. The collaboration will focus on integrating Ripple's digital asset custody and tokenization infrastructure into Meritz Securities' operations. This development marks Ripple's continued expansion in Asia and its efforts to establish a strong presence in South Korea's emerging digital asset sector.
Meritz Securities intends to leverage Ripple's technology to enhance its offerings in the digital asset space. The partnership will involve a comprehensive review of Ripple Custody, which is designed to provide secure storage solutions for digital assets. This initiative aligns with Meritz Securities' broader strategy to enter and compete in the digital asset market, as reported by both Crypto.news and CryptoPotato.
While both outlets corroborate the main details of the partnership, neither provides additional specifics on the timeline for implementation or the exact scope of the technologies to be deployed. The reports are consistent in their description of the partnership's objectives and the parties involved.
In the current market context, the total cryptocurrency market cap stands at $2.92 trillion, with 
Bitcoin down 2.83% in the last 24 hours. The broader market sentiment, as indicated by the Fear & Greed Index, is at 71, indicating 'Greed'. 
XRP, Ripple's native token, is also experiencing a downturn, currently trading at $1.45, a 3.83% decrease over the past day and a 3.89% decline over the last week. Despite this, XRP maintains a market cap of $91.56 billion.
This partnership could be significant for both Ripple and the South Korean market. For Ripple, it represents another strategic move to expand its global footprint and demonstrate the utility of its technology in traditional financial systems. For South Korea, it could accelerate the adoption of digital assets and blockchain technology in the country's capital markets.
At today's peer-to-peer rate, 1 XRP ≈ ₦1,980.27 (about $1.45), down 4.5% over 24 hours. The naira itself trades about 2.8% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 7, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
XRP — questions
How much is 1 XRP worth in naira today?
About ₦1,980.27 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $1.45. The naira price moves with both XRP's US-dollar price and the USDT/NGN rate; use our XRP in naira page for any amount.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Crypto.news, CryptoPotato, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.