Kyobo Life and SBI tested direct yen-won stablecoin exchange without routing transactions through U.S. dollars.The Canton Network test environment handled institutional transfer, foreign exchange, settlement, tracking, and reconciliation processes.Test tokens represented yen and won stablecoins, while no institutional funds changed hands during testing.Kyobo Life called the project South Korea’s first cross-border institutional stablecoin test by an insurer.Both companies plan further work linking digital asset exchange, settlement, and asset management between markets.