CEO Asheesh Birla said: $XRP Financial firm Evernorth recently shared its view describing South Korea as a mature digital asset market, especially a digital asset market. $XRP.
Reflecting on last week’s Bitcoin Seoul conference, Birla revealed: $XRP It surpassed Bitcoin and became one of the most actively traded virtual currencies in Japan.
Birla emphasized that $XRPhas a strong presence in the Korean market, $XRPThe /KRW trading pair consistently ranks as one of the most active markets on Upbit, the country’s largest cryptocurrency exchange.
According to Birla, $XRP During times of intense market activity, it regularly generates more trading volume than Bitcoin or Ethereum. As a result, South Korea has cemented its reputation as one of the deepest and most fluid countries. $XRP markets around the world.
$XRP Upbit’s trading volume exceeds Bitcoin and Ethereum
Notably, market data supports Birla’s claims. At the time of writing, $XRP/KRW ranks as the 3rd most actively traded market on Upbit with trading volume of approximately $89.64 million.
In comparison, BTC/KRW and ETH/KRW occupy the 4th and 7th place, respectively, with a volume of $72.48 million and $43.02 million.
South Korean financial giant enters virtual currency infrastructure
beyond $XRP‘ As the popularity of “The Stars” continues to grow, Birla reveals that even more significant changes are afoot behind the scenes. He said South Korea’s largest financial institutions no longer consider cryptocurrencies to be an experimental industry. Instead, we are actively investing in the infrastructure that supports our digital asset ecosystem.
Birla cited Mirae Asset and Hana Financial Group as notable examples. He said Hana is moving ahead with Upbit-related investments, while Mirae Asset has reportedly acquired a significant stake in Corbit.
He explained that this development suggests that South Korea’s largest financial institutions are moving into exchanges rather than building around them.
Tokenization-driven discussion at Bitcoin Seoul
Although Bitcoin Soul was officially a Bitcoin-focused event, Birla noted that discussions around tokenization and real-world assets (RWA) dominated the conference floor.
Participants considered a wide range of topics, including tokenized government securities, tokenized intellectual property, and the digitization of other forms of real-world assets. Birla particularly highlighted Ondo Finance’s tokenized treasury services and SBI Digital Markets’ tokenized music initiative.
Birla said the growth of tokenized assets is shifting industry priorities. Because these assets require high throughput, low transaction costs, and fast settlement finality, institutions are evaluating blockchain networks based on infrastructure capabilities rather than brand recognition or community loyalty.
XRPL continues to establish itself in the RWA market
especially, $XRP Ledger has emerged as a significant player in the growing RWA sector.
As previously reported, the market capitalization of real-world assets on XRPL increased 124% sequentially to $2.25 billion in Q1 2026. Since then, that amount has further increased to around $3.7 billion, and the number of tokenized assets on the network has reached 293, according to data from rwa.xyz.
Meanwhile, Evernorth recently highlighted XRPL’s rapid progress in this field. According to the company, $XRP Ledger reached $400 million in RWA value within just 15 months, surpassing Ethereum, which took 36 months to reach the same milestone.
