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September 17, 2026 12:45 am
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Kyobo Life and Japan’s SBI Group have, for the first time in South Korea’s insurance industry, verified a structure for transferring institutional funds from Japan to South Korea using digital tokens, Yonhap Infomax reported. The firms used a test environment for Canton Network, a blockchain for financial institutions. In the proof-of-concept, they verified with test tokens a structure that would allow funds to be transferred without routing through the U.S. dollar by directly exchanging a yen stablecoin for a won stablecoin.