Bitrabo Editorial
Bringing their expertise in virtual asset services, Infinite Block, a Korean company, has recently become a validator on the XRP Ledger to support its growth in Korea amidst strict regulations.
Enhancing the XRP Ledger Ecosystem
With a VASP license secured by Infinite Block, they stand out for their compliance with Korea’s virtual asset regulations, including key standards like the international Travel Rule and anti-money laundering measures.
Since its inception in 2012, the XRP Ledger has seen over 2.5 billion transactions and has key contributors such as Ripple and the XRPL Foundation. XRP, the native token, is a top-ranking virtual asset globally.
By joining as a validator, Infinite Block aims to strengthen the local blockchain environment and boost Korea’s presence in the global arena while ensuring governance, ecosystem expansion, and corporate service in adherence to regulatory standards.
CEO Jung Gu-tae stresses the importance of their role in providing regulatory support specific to Korea’s virtual asset industry to enhance user protection and overall reliability.
Ripple’s Emi Yoshikawa expressed her approval of Infinite Block’s participation on the XRP Ledger, highlighting the trend of more institutional-grade validators joining the network from Asia.
Commenting on the strategic timing of Infinite Block’s announcement, lawyer Bill Morgan suggests a coordinated effort in expanding institutional support in Asia, following recent developments like SBI Holdings becoming a validator.
As of now, XRP is trading at $0.5045.