{"id":41306,"date":"2026-04-27T11:19:15","date_gmt":"2026-04-27T11:19:15","guid":{"rendered":"https:\/\/cryptd.in\/ripple-announces-another-major-south-korean-deal\/"},"modified":"2026-04-27T11:19:15","modified_gmt":"2026-04-27T11:19:15","slug":"ripple-announces-another-major-south-korean-deal","status":"publish","type":"post","link":"https:\/\/cryptd.in\/pl\/ripple-announces-another-major-south-korean-deal\/","title":{"rendered":"Ripple Announces Another Major South Korean Deal"},"content":{"rendered":"

South Korea\u2019s internet-only lender KBank is moving beyond early-stage trials with blockchain remittances through a new partnership with Ripple, as it shifts focus toward testing real-world integration and scalability of the technology.<\/p>\n

The agreement was signed at the bank\u2019s Seoul headquarters with KBank CEO Choi Woo-hyung and Ripple Asia-Pacific Managing Director Fiona Murray, among the attendees, alongside other officials.<\/p>\n

Inside KBank\u2019s Ripple Deal<\/h2>\n

Under the partnership, KBank plans<\/a> to use Ripple\u2019s global network and infrastructure to evaluate whether the technology can improve the speed, cost efficiency, and boost transparency of its existing cross-border transfer system. The companies also discussed broader cooperation, such as a digital wallet-based proof of concept to support KBank\u2019s remittance model and potential expansion into digital asset-related services.<\/p>\n

KBank said it is already running a two-phase proof of concept. The first phase tested transfers through a separate application, while the second phase involves assessing transaction stability by virtually linking customer accounts with internal systems. This phase will also include on-chain transfer tests with partners in the United Arab Emirates and Thailand, where KBank has signed memorandums of understanding for stablecoin-based transactions.<\/p>\n

The bank added that it initially used an in-house wallet but will switch to Ripple\u2019s SaaS-based digital wallet, Palisade, in the second phase to test a more scalable and compliant model. Separately, KBank remains the sole banking partner of South Korean crypto giant Upbit.<\/p>\n

In an official statement, Fiona Murray, Managing Director, Asia Pacific at Ripple, stated,<\/p>\n

\n

\u201cWe are pleased to partner with KBank, which has helped set the standard for digital banking in Korea and continues to drive innovation.\u201d<\/p>\n<\/blockquote>\n

Ripple Expands South Korea Footprint<\/h2>\n

Ripple has been building out its presence in South Korea for some time now. Earlier this month, the company og\u0142oszony<\/a> a strategic partnership with life insurance company Kyobo Life Insurance to develop institutional digital asset infrastructure in the country. The focus was on tokenized government bond transactions.<\/p>\n

The collaboration will use Ripple Custody to provide secure storage, transfer, and settlement of tokenized assets within a regulated framework. Both firms will assess the technical and regulatory feasibility of tokenized Treasury settlements. The aim is to replace manual processes with on-chain execution. The initiative is designed to improve transparency and efficiency, while also enabling near real-time settlement and reducing counterparty risk. Ripple will additionally support stablecoin-based payments, which would enable continuous, 24\/7 transactions.<\/p>\n

Stanowisko Ripple Announces Another Major South Korean Deal<\/a> pojawi\u0142a si\u0119 najpierw na CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

South Korea\u2019s internet-only lender KBank is moving beyond early-stage trials with blockchain remittances through a new partnership with Ripple, as it shifts focus toward testing real-world integration and scalability of the technology. The agreement was signed at the bank\u2019s Seoul headquarters with KBank CEO Choi Woo-hyung and Ripple Asia-Pacific Managing Director Fiona Murray, among the […]<\/p>\n","protected":false},"author":1,"featured_media":41308,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-41306","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\nRipple Announces Another Major South Korean Deal - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/pl\/ripple-announces-another-major-south-korean-deal\/\" \/>\n<meta property=\"og:locale\" content=\"pl_PL\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ripple Announces Another Major South Korean Deal - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"South Korea\u2019s internet-only lender KBank is moving beyond early-stage trials with blockchain remittances through a new partnership with Ripple, as it shifts focus toward testing real-world integration and scalability of the technology. 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