KBank, South Korea's internet-only bank and partner of crypto exchange Upbit, has announced a strategic partnership with Ripple to pilot cross-border remittances. The collaboration involves a proof-of-concept using Ripple's Palisade SaaS wallet, with Phase 1 already completed, verifying a wallet app-based remittance system. Phase 2 is currently underway, focusing on on-chain transfers to the UAE and Thailand. This partnership is part of a broader trend, as Ripple recently teamed up with Kyobo Life Insurance for tokenized government bond transactions, amid South Korea's push for blockchain infrastructure ahead of the Digital Asset Basic Act.