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Ripple partners with Kyobo Life Insurance
17 April 2026 South Korea
Image: Shutterstock
Ripple has partnered with South Korean life insurance firm Kyobo Life Insurance to enable tokenised government bond transactions through Ripple Custody, within an institutional, regulated environment.
Ripple Custody will be leveraged as the foundation for the holding, transfer, and settlement of tokenised assets, intended to replace manual bond settlement processes.
The infrastructure is intended to be integrated with broader offerings spanning payments, liquidity, and treasury management.
The firms also plan to assess the technical and regulatory feasibility of tokenised treasury settlement in South Korea’s financial environment.
Speaking on the collaboration, Fiona Murray, managing director, APAC at Ripple, says: “This partnership is a signal to the broader market that institutional-grade digital asset infrastructure is no longer a future aspiration; it is available, proven, and ready to deploy in Korea today.
“We see this as the beginning of a broad and enduring partnership, not only with Kyobo, but with the Korean institutional financial market as a whole."
Jin Ho Park, senior executive vice president at Kyobo Life Insurance, adds: “Our partnership with Ripple is not simply about digital assets — it’s about validating how traditional financial instruments can operate securely and efficiently on blockchain.”
The partnership is said to build on Ripple’s growing business momentum in South Korea, indicative of its commitment to institutional-grade digital asset initiatives within the market.
Ripple Custody will be leveraged as the foundation for the holding, transfer, and settlement of tokenised assets, intended to replace manual bond settlement processes.
The infrastructure is intended to be integrated with broader offerings spanning payments, liquidity, and treasury management.
The firms also plan to assess the technical and regulatory feasibility of tokenised treasury settlement in South Korea’s financial environment.
Speaking on the collaboration, Fiona Murray, managing director, APAC at Ripple, says: “This partnership is a signal to the broader market that institutional-grade digital asset infrastructure is no longer a future aspiration; it is available, proven, and ready to deploy in Korea today.
“We see this as the beginning of a broad and enduring partnership, not only with Kyobo, but with the Korean institutional financial market as a whole."
Jin Ho Park, senior executive vice president at Kyobo Life Insurance, adds: “Our partnership with Ripple is not simply about digital assets — it’s about validating how traditional financial instruments can operate securely and efficiently on blockchain.”
The partnership is said to build on Ripple’s growing business momentum in South Korea, indicative of its commitment to institutional-grade digital asset initiatives within the market.
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