One of Korea’s largest insurers, Kyobo Life, is planning to tokenize government bonds to enable the 24/7 instant transfer of securities, rather than T+2 settlement. It is collaborating with Ripple Custody for the initiative, as part of a broader alliance with Ripple that could in future extend to stablecoin payments, liquidity and treasury management. The announcement did not specify which blockchain will be used. Ripple Custody supports multiple chains, and the omission suggests the initiative may not involve the XRP Ledger.
“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,” said Jin Ho Park, Senior Executive Vice President at Kyobo Life Insurance.
The alliance fits within Ripple’s broader push into corporate treasury. Money market funds and tokenized government bonds are particularly appealing to corporate treasurers. Last year Ripple spent $1 billion acquiring GTreasury (now Ripple Treasury) and recently integrated stablecoins and digital assets, giving corporate treasurers a single view across fiat and digital assets. One of Ripple’s advantages is its vertical integration, which allows treasurers to engage with digital assets without needing to worry about wallets. Beyond corporate treasurers, tokenizing government bonds is a proven institutional use case. Each month Broadridge is processing around $8 trillion in tokenized Treasury transactions for repo purposes.
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