The pilot uses Ripple Custody to hold, transfer, and settle tokenised Korean government bonds, with stablecoin payment rails also under exploration through Ripple’s RLUSD stablecoin.Jin Ho Park, Senior Executive VP at Kyobo Life, said the partnership is “not simply about digital assets” but about validating how traditional financial instruments can operate on blockchain.SBI Holdings, Ripple’s long-term Japanese partner, is also an investor in Kyobo Life, linking Ripple’s Japan and Korea strategies through the same financial network.