Ripple partners with Kyobo Life Insurance in Korea to pilot government bond settlement tokenization

Ripple has partnered with Korean Kyobo Life Insurance to pilot the tokenization of Korean government bond settlement through the Ripple Custody platform, aiming to reduce the standard T+2 settlement cycle to near real-time. This agreement is positioned as a strategic pilot to assess the technical and regulatory feasibility of broader tokenized government bond settlements, as well as to explore stablecoin-based payment channels. This is Ripple’s first collaboration with a Korean insurance company and also marks its expansion into Asian institutional infrastructure, including recent custody and payment partnerships in Japan, Singapore, and the United Arab Emirates.