- Kbank adopts Ripple Custody to deploy MPC-based wallets, enabling secure, scalable digital asset management across blockchains.
- Partnership accelerates rollout by avoiding in-house infrastructure, offering fast wallet creation and high-speed transaction signing.
- Move expands Kbank’s crypto role, supporting custody, stablecoin remittances, and broader blockchain-based financial services.
Kbank has partnered with Ripple to deploy institutional-grade digital asset wallet infrastructure using Ripple Custody. The announcement came as Kbank expands its crypto capabilities within a regulated banking environment. The move introduces multi-party computation technology to manage assets securely across multiple blockchain networks.
Kbank Integrates MPC-Based Wallet Infrastructure
Kbank will use Ripple Custody’s wallet-as-a-service model to deploy secure wallet systems. The infrastructure supports fast wallet creation and high-speed transaction signing. It also enables scalable management of digital assets across different blockchain networks.
However, building such systems internally requires significant cost and operational effort. By adopting Ripple Custody, Kbank avoids these complexities while maintaining institutional-grade security controls. This setup allows the bank to accelerate deployment without managing infrastructure in-house.
Expansion Builds on Existing Crypto Partnerships
Notably, Kbank already serves as the exclusive banking partner for Upbit, one of Korea’s largest exchanges. The new integration extends its role beyond banking services into deeper digital asset infrastructure. As a result, Kbank is expanding into custody, wallet operations, and blockchain-based financial services.
According to Choi Woo-hyung, the initiative supports the bank’s push into stablecoin-based remittances. He said the partnership aims to enhance cross-border payment systems using blockchain technology. The approach aligns with broader efforts to integrate digital assets into financial operations.
Ripple Positions Infrastructure for Institutional Use
Meanwhile, Fiona Murray said the partnership reflects growing demand for scalable digital asset infrastructure. She noted that Ripple Custody provides a complete stack, including custody, payments, and treasury tools.
Ripple stated that Korea represents a key market for institutional adoption of blockchain systems. The deployment positions Kbank as the first internet-only bank in Korea to use Ripple Custody infrastructure.
