Ripple and Kyobo Launch Korea’s First Tokenized Government Bond Settlement on Blockchain
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Ripple Custody and Kyobo Life (one of Korea’s largest insurers) launched Korea’s first tokenized government bond settlement on blockchain, cutting the traditional two-day settlement cycle to near real-time execution. The partnership will assess technical and regulatory feasibility to scale tokenized Treasury settlements and explore stablecoin payment rails for 24/7 transactions, a development that could boost crypto adoption, on-chain custody, liquidity and DeFi/settlement integration.
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- Ripple Custody powers Korea’s first tokenized government bond settlement with Kyobo.
- Two-day bond settlement cycles cut to near real time execution under new blockchain system.
- Ripple and Kyobo to explore stablecoin payment rails enabling 24/7 transaction capability.
Ripple partnered with Kyobo Life Insurance to enable near real-time settlement of tokenized government bonds on blockchain, reducing the standard two-day cycle.
Kyobo Life, one of Korea’s largest insurers, will use Ripple Custody as the foundation for holding, transferring, and settling tokenized government bonds. Both companies will also assess the technical and regulatory feasibility of tokenized Treasury settlement across Korea’s broader financial ecosystem.
What Changes
Today’s government bond settlement involves a slow chain of intermediaries, manual processes, and a two-day settlement windo…
Read The Full Article Ripple and Kyobo Launch Korea’s First Tokenized Government Bond Settlement on Blockchain On Coin Edition.
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