Ripple Custody will support Kbank’s digital asset wallet expansion in Korea’s regulated banking sector. The deal gives Korea’s first internet-only bank managed infrastructure for custody, asset control, and cross-border payment capabilities.
Key Takeaways:
Ripple will provide Kbank with managed custody infrastructure for institutional digital asset wallets. Kbank gains multi-party computation-based tools across multiple blockchain networks. Executives expect the partnership to support cross-border payments and stablecoin-based remittance capabilities. Ripple Custody Expands Kbank Digital Asset InfrastructureRipple announced April 19, 2026, that Kbank will use Ripple Custody to expand digital asset wallet infrastructure in Korea’s regulated banking sector. The partnership gives Korea’s first internet-only bank a managed infrastructure path for institutional wallet operations. It also puts custody, asset control, and cross-border payment capabilities at the center of Kbank’s digital finance strategy.
The Ripple partnership adds another layer to that role by giving the bank infrastructure for custody, wallet operations, and blockchain-based financial services. Fiona Murray, Managing Director of Asia Pacific at Ripple, noted:
“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.”
Kbank Targets Cross-Border Payment CapabilitiesThe deal is built around infrastructure rather than trading activity. Ripple Custody gives Kbank access to bank-grade wallet tools with security controls and scale already included. That allows the bank to move faster while avoiding the burden of creating and maintaining a proprietary platform. Kbank is expected to use the infrastructure to explore a more efficient operating model for institutional digital assets while keeping the control standards required in regulated finance.
Kbank Chief Executive Officer Choi Woo-hyung tied the partnership to the bank’s work on digital finance and stablecoin-based remittance capabilities. He stated:
The agreement gives Ripple a regulated banking deployment for Ripple Custody in Korea, while giving Kbank infrastructure to support secure digital asset services at scale. It also links custody, wallet operations, and payment infrastructure under one institutional digital asset strategy. Custody infrastructure is becoming a practical foundation for banks pursuing blockchain-based financial services.
