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🔥Ripple partners with Korean life insurance company Kyobo Life Insurance to advance tokenized government bond settlement
Ripple announces a strategic partnership with Korean life insurance company Kyobo Life Insurance to promote tokenized government bond settlement through Ripple Custody in a regulated environment, achieving near real-time settlement. The collaboration is expected to reduce the settlement cycle from two days to near real-time, lower counterparty risk, and improve capital efficiency, while both parties will assess the technical and regulatory feasibility.
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