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Ripple partners with a Korean life insurance company to advance Korea's first tokenized government bond settlement
Mars Finance reports that on April 15, Ripple announced a strategic partnership with South Korean life insurance company Kyobo Life Insurance to promote tokenized government bond settlements in a regulated environment through Ripple Custody, achieving near real-time settlement; the partnership 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 evaluate the technical and regulatory feasibility.