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Ripple Partners With Kyobo Life to Pilot Bond Settlement on Blockchain

Ripple News

Ripple has entered a partnership with Kyobo Life Insurance, one of South Korea's largest life insurers, to pilot blockchain-based settlement of government bonds. The project uses Ripple Custody, Ripple's digital asset custody solution, to handle the issuance, storage, and settlement of tokenized government bonds.

The companies said Wednesday they will also explore tokenized treasury settlement across South Korea's broader financial system. The pilot targets the replacement of traditional bond settlement processes, which typically depend on multiple intermediaries and operate on two-day settlement cycles.

By moving settlement on-chain, the project aims to enable near real-time execution, which could reduce counterparty risk and improve capital efficiency for participants. Jin Ho Park, senior executive vice president at Kyobo Life, said that traditional financial instruments "can operate securely and efficiently on #blockchain."