South Korean Bond Settlements Shift to Near Real-Time Execution
Bond settlement cycles in South Korea shorten from two days to near-real-time execution. This shift is driven by a partnership between Ripple and Kyobo Life Insurance to pilot blockchain-based settlement for government bonds. Ripple is deploying its Ripple Custody platform to handle the issuance, settlement, and storage of tokenized bonds. The system replaces multiple intermediaries and manual settlement processes with a trustless on-chain infrastructure. Counterparty risk is reduced. Capital efficiency is improved.
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