Four Korean Banks Join Ripple on the XRP Seoul Stage

One Panel, Many Chairs

The league was titled “From Cross-Border Payments to Tokenized Deposits,” and the lineup connected the descent said much than the rubric did. A floor-level photo shared by XRP Ledger Foundation manager Hussein Zangana, amended known arsenic Vet, showed representatives from Kbank, Kyobo Securities, Woori Bank and Jeonbuk Bank connected stage.

The lawsuit ran astatine the Grand Hyatt Seoul during Korea Blockchain Week, with Ripple President Monica Long and RippleX elder vice president Markus Infanger connected the talker list. The organizers said the lawsuit grew from 3,000-plus attendees past twelvemonth to much than 5,000 this year, and Bitcoin.com News flagged precocious past period that the docket for the proceedings was acceptable to beryllium tokenization-heavy.

The Bank Behind Upbit

Kbank is the internet-only lender that serves arsenic the sole banking spouse for Upbit, which is wherefore the slope grew from astir 2 cardinal users successful 2020 to 15 cardinal by the extremity of 2025. Kbank signed with Ripple successful April of this twelvemonth and the 2 person already verified a wallet app-based remittance strategy and moved to a 2nd signifier that tests onchain transfers to countries specified arsenic the UAE and Thailand, utilizing Ripple’s Palisade wallet software.

Kyobo Enters the Fray by Way of Its Parent Entity

Kyobo Securities sits wrong the aforesaid radical arsenic Kyobo Life Insurance, which partnered with Ripple successful April to tokenize authorities enslaved colony done Ripple Custody. The aviator targets adjacent real-time colony successful spot of the accustomed two-day cycle. A brokerage connected the sheet suggests the enslaved experimentation is being discussed beyond the insurer’s ain equilibrium sheet.

The timing lines up with Seoul’s ain plans, arsenic Bitcoin.com News reported this week that South Korea is opening its market to tokenized stocks and bonds successful 2027.

A Big Four Lender and a Regional First

Woori Bank is the panel’s chaotic paper arsenic it has nary announced Ripple deal, and 4 days earlier XRP Seoul it was 1 of 3 Korean lenders that signed up with Moonpay, focusing connected won-pegged stablecoins and cross-border firm payments. Its spot adjacent to Ripple suggests Korean banks are talking to respective crypto vendors astatine once.

Jeonbuk Bank seems to person already picked a broadside and successful August it became the first determination slope successful Korea to deploy Ripple Payments, Ripple’s 3rd Korean concern of 2026. “Jeonbuk Bank is extending adjacent real-time cross-border colony straight to the businesses it serves,” Fiona Murray, Ripple’s managing manager for Asia-Pacific, said astatine the time.