Ripple and Korea's Kyobo Life Launch Tokenized Government Bond Blockchain Settlement Pilot

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ME News, April 15 (UTC+8). Ripple and Korea’s Kyobo Life jointly launched a pilot project for tokenized government bonds to verify a blockchain-based government bond trading structure. The project issues and trades tokenized government bonds in a test network environment, enabling synchronized handling of trading and settlement, and uses a stablecoin-based 24-hour settlement mechanism to improve trading speed and reduce settlement risk. Since September 2024, both parties have started technical feasibility testing and are assessing the stability of end-to-end processes, including digital asset custody. At the same time, they have analyzed South Korea’s regulatory environment and studied the feasibility of integrating stablecoin settlement and tokenized bonds into the existing financial system. Ripple said this collaboration will help advance the deployment of institutional-grade digital asset infrastructure in South Korea and support its long-term strategic layout in the South Korean market. (Source: ChainCatcher)

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