According to U.Today, the XRP Ledger (XRPL) is witnessing a significant surge in South Korea, a development that has sparked interest in the market. Ripple's VP of Corporate Strategy & Operations, Emi Yoshikawa, has expressed her excitement about the growing momentum of XRPL in the country. This surge is particularly significant as more businesses venture into the digital asset space, looking for reliable and enterprise-grade platforms to support their initiatives.
Yoshikawa highlighted the recent development from Infinite Block, the only licensed digital asset custody provider in Korea. In the past month, Infinite Block announced its role as a validator in the XRP Ledger blockchain. In a more recent development, Infinite Block now supports XRPL, having launched an XRP Ledger custody service.
Infinite Block announced earlier this week that it plans to expand its XRPL-based custody services and pursue the expansion of blockchain services in compliance with domestic regulations. The company also intends to provide consulting for regulatory compliance of key XRPL initiatives and ecosystem builders.
Yoshikawa expressed her enthusiasm about the continued momentum of the XRP Ledger in Korea. She emphasized the importance of reliable enterprise-grade digital asset platforms for businesses entering the digital asset space. She also expressed her excitement about Infinite Block, the only licensed digital asset custody provider in Korea, unlocking opportunities for XRPL users in the country.
The growing momentum of the XRP Ledger in Korea is significant. With Infinite Block leading as a licensed digital asset custody provider, the opportunities for XRPL users in Korea are expanding. The XRP Ledger has been gaining traction globally, and Korea is no exception. Yoshikawa's recent comments highlight the increasing adoption of XRPL in Korea, reflecting a broader trend in the digital asset space where businesses are seeking robust and decentralized platforms to support their initiatives.