Fiona Murray, Ripple’s managing director for Asia Pacific, said the deal reflects growing momentum across Korea’s institutional financial sector, with banks building digital asset capability and looking for long-term infrastructure partners. Regional banks play a vital role in the real economy, she said.
The company has spent the past year pushing RLUSD, the dollar-pegged token it issues, as the settlement asset for institutional work. CoinDesk asked Ripple which asset the Jeonbuk deployment uses and did not immediately receive a reply.
That distinction helps explained why a steady run of Ripple partnerships has done little for the token.
XRP traded above $3 at last year’s highs and has spent August drifting toward and now through $1, while Ripple has been signing asset managers, custodians and banks.
The same split shows on Ripple’s own ledger. Tokenized real-world assets on the XRP Ledger are worth about $1.38 billion, as CoinDesk…
