Gate News message, April 15 — Ripple and Kyobo Life Insurance, one of South Korea’s largest insurers, announced a partnership to explore tokenized government bond settlement on blockchain using Ripple Custody. The system aims to reduce bond settlement time from two days to near real-time, making Kyobo Life the first Tier-1 insurer in Korea to pursue this initiative.
Tokenized government bonds will be recorded and settled directly on-chain through Ripple Custody, which handles safe storage, transfer, and settlement of tokenized assets in a regulated environment. The partnership also explores stablecoin-based payment systems that could enable 24/7 financial transactions while maintaining regulatory compliance. Both companies are studying how tokenized bonds fit into Korea’s existing financial framework. Fiona Murray, Managing Director for Asia Pacific at Ripple, stated that “institutional-grade digital asset infrastructure is no longer a future aspiration; it is available, proven, and ready to deploy in Korea today.”
Despite the partnership announcement, XRP remains near $1.35, down 1.4%, while Bitcoin has surged to $74,000.
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