Ripple Expands in South Korea as FSC Brings Equities, Bonds to Blockchain
South Korea's Financial Services Commission (FSC) has announced plans to bring equities, bonds, and funds onto the Ripple network, positioning XRP as a core settlement asset in global finance. This move aims to meet demand for faster, cheaper, and more transparent digital asset infrastructure.
The FSC wants to widen the market scope of security token offerings on a compliant blockchain infrastructure, with Ripple at the forefront. The development signals South Korea's preparation to transition its stock and capital market to 24/7 trading.
The government has created a phased roadmap to bring traditional capital assets onto a blockchain infrastructure, starting with tokenizing privately placed corporate bonds and money market funds in February 2027. The second phase will tokenize all publicly offered securities, while the third phase is scheduled to roll out on-chain settlements by linking tokenized securities with payment assets like stablecoins and DeFi products.
XRP's growth in South Korea stems from institutional gaps and structural flaws, as financial institutions prioritize the XRP Ledger for cost-efficient cross-border payments and on-chain transactions. Ripple has already partnered with regional banks and financial giants in the country, with Jeonbuk Bank replacing the traditional SWIFT network with Ripple Blockchain to improve the efficiency of its cross-border transactions.