Key Takeaways:
- Ripple is collaborating with Kyobo Life to conduct tokenized government bond settlement in Korea.
- The initiative accepts the use of Ripple Custody to settle in a secure and on-chain way in a regulated environment.
- The objectives of the project are to reduce the settlement time by T +2 down to close to real-time and risk mitigation.
Ripple is establishing more institutional presence in Asia with a groundbreaking partnership in South Korea. The company is working with one of the country’s largest insurers to test blockchain-based settlement for traditional financial assets.
English (US)