# Meritz Securities Partners With Ripple as XRP Leads Bitcoin on Upbit

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/27313
Published: 2026-10-07T08:58:32.000Z
Updated: 2026-10-07T08:58:32.000Z
Section: Business

> The South Korean brokerage will examine Ripple’s custody and tokenization infrastructure for potential use in capital markets.

Meritz Securities has partnered with Ripple to examine digital-asset custody and tokenization infrastructure for South Korea’s capital markets as XRP moved ahead of Bitcoin (BTC) in 24-hour trading value on Upbit.

The agreement was signed Oct. 1 at Meritz Securities’ headquarters in Seoul’s Yeouido district by Meritz CEO Jang Won-jae and Ripple President Monica Long. The companies will review potential uses for Ripple Custody and Ripple’s tokenization infrastructure within South Korea’s existing securities and digital-asset rules.

At 1:36 a.m. ET (05:36 UTC) on Oct. 7, XRP had about $111.4 million in 24-hour trading value on Upbit, compared with $104.7 million for Bitcoin. Ether (ETH) ranked third at about $59.2 million.

Meritz is also examining possible businesses involving spot crypto exchange-traded funds, fractional investment products, tokenized securities, trading platforms and won-denominated stablecoins. The partnership remains exploratory, with cooperation expected to develop as South Korea’s regulatory framework evolves.

The announcement does not confirm a product launch, an XRP settlement role or a launch date for any Meritz digital-asset service.