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XRP Ledger used for tokenised government bond settlement in South Korea

Ripple\'s XRP Ledger (XRPL) has been used in South Korea to settle tokenised government bonds. Ripple worked with Kyobo Life Insurance to apply XRPL across issuance, settlement and custody of the bonds. The case aligns with Ripple CEO Brad Garlinghouse\'s recent push for onchain bond settlement and his criticism of slow, inefficient traditional systems. Market participants say the approach is already being implemented in part, including an April transaction in South Korea.