Kbank partners with Ripple to implement MPC wallet infrastructure, enabling scalable and regulated digital asset management.
Blockchain enterprise solutions provider Ripple has partnered with Kbank, Korea’s first internet-only bank, to deploy institutional digital asset wallet infrastructure. Through Ripple Custody, Kbank will implement multi-party computation (MPC)-based wallet systems to manage digital assets within a regulated environment.
Kbank, which serves as a banking partner to several digital asset exchanges in Korea, is utilising Ripple’s wallet-as-a-service model for wallet provisioning and transaction signing across multiple blockchain networks. The partnership is designed to provide Kbank with bank-grade security and scalability without requiring it to build and maintain proprietary custody infrastructure in-house.
Fiona Murray, Managing Director for Asia Pacific at Ripple, said: “As the first internet-only bank in Korea to deploy Ripple Custody’s wallet-as-a-service infrastructure, Kbank is setting a new benchmark for how regulated financial institutions can build scalable, institutional-grade digital asset capabilities.”
The collaboration aligns with Kbank’s strategy to expand its services in custody, wallet operations, and blockchain-based finance. The bank aims to establish an efficient model for institutional operations while maintaining the controls required by financial regulators.
Choi Woo-hyung, CEO of Kbank, said: “By leveraging Ripple’s global network and blockchain technology, we aim to set a new standard for cross-border payments within Korea’s evolving financial ecosystem.”
The deployment is part of a broader effort to advance stablecoin-based remittance and cross-border payment capabilities within the Korean financial sector.
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