Kyobo Life, along with SBI Holdings, Circle, and BDACS, hosted a 'Bridging Finance Onchain' forum in Seoul on October 1, showcasing payment and settlement concepts utilizing BDACS's KRW1 and Circle's USDC.
Why the Forum Matters
The forum highlights Kyobo Life's proof-of-concept work in applying digital assets to its insurance and asset-management operations. Kyobo Life plans to formalize cooperation with domestic and overseas financial and digital-asset companies.
SBI's Proof-of-Concept
Separately, a Kyobo Life-SBI proof of concept began in July 2026, testing direct yen-to-won stablecoin conversion and institutional settlement in the Canton Network test environment.
Circle's Arc Network
Circle launched Arc's public mainnet on September 16, positioning it as a blockchain for financial markets, stablecoin payments, and real-time settlement. SBI Group is listed among its founding validators.
Future of Digital Assets in Insurance
Kyobo Life plans to apply its proof-of-concept work to specific insurance processes and asset-management activities, aiming to formalize its collaborations with financial and digital-asset companies.
