Ripple announced on Wednesday, October 14, 2026, that Meritz Securities will work with the blockchain payments company to build digital asset custody and tokenization infrastructure for South Korea.

With the agreement, Meritz Securities becomes the fourth Korean institution to sign with Ripple this year and the company's first partner from the securities industry, as Ripple advances its push around XRP in the region.

The deal's scope covers two services that anchor institutional digital asset programs: custody, the safekeeping of digital assets on behalf of clients, and tokenization, the representation of assets on a blockchain. Meritz Securities' signing also brings a securities firm into Ripple's Korean partner roster for the first time, adding a new category of institution to a lineup that previously consisted of other types of Korean organizations.

Ripple, the company associated with the XRP token, has broadened its institutional partnerships across South Korea throughout 2026, with the Meritz Securities deal marking the latest step in that expansion. With four agreements signed since the start of the year, the pace of Ripple's Korean outreach and the buildout of the custody and tokenization infrastructure are the developments to watch as the partnership moves from announcement toward implementation.

This content was first published on COINOTAG.