Kbank expands its reach into digital assets with the roll out of Ripple Custody, an institution-grade wallet infrastructure leveraging Multi-Party Computation (MPC) technology.
Continuing efforts from financial institutions to bridge the gap between traditional and blockchain networks, this announcement marks further integration between the two through regulated entities’ need for a secure, scalable way to hold crypto assets.
Institutional-Grade Custody with MPC Technology
Kbank will be deploying Ripple Custody, which will enable digital asset custody across multiple blockchain networks in a secure manner.
Employing an infrastructure based on Multiparty Computation (MPC), there will be no single points of failure, as private key shards are distributed to multiple parties, providing a highly secure environment for institutional clients.
Its ability to provide interoperability and stability compliance are also critical for banks trading tokenized assets, stablecoins and other on-chain instruments in a regulated environment.
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Strengthening Ties with Upbit and Korea’s Crypto Market
Kbank now supports Upbit, the largest Korean cryptocurrency exchange, as the only bank partner with fiat on/off-ramps and real-name account verification. Adding Ripple Custody represents an extension of that relationship from banking into essential digital asset infrastructure.
It also helps broaden Kbank’s scope for future custody services as Korea becomes more institutionalized and fits more closely with Korea’s emerging regulatory outlook in regard to virtual asset service providers.
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Opportunities and Risks in Crypto Custody
The launch opens further possibilities for traditional banks to tap into the segment of crypto custody, staking, and associated tokenization.
Lessons include combining institutional-grade compliance, insurance, and auditability for institutions, while addressing concerns like regulatory certainty, cross-chain risk management, and competition from native crypto custodians.
Also Read: Canada Declares Massive Nationwide Ban on Crypto ATMs to Combat Fraud in 2026
