XRPL is an open source decentralized protocol that has been in operation since 2012 and has processed over 2.5 billion transactions. Notable ecosystem participants include Ripple, the XRPL Foundation, and XRPL Labs. XRP, the blockchain's native token, is currently the world's seventh largest virtual asset by market capitalization.
Infinite Block's emergence as a validator is seen as an important step in developing the native #blockchain environment and strengthening South Korea's position in the international arena. The company plans to provide stable management, expand its ecosystem, and offer services to corporations while adhering to domestic and international compliance standards.
Chief Executive Officer (CEO) Chung Guthe emphasized the strategic importance of this move. As a fully regulated custodial operator, we will provide a regulatory support infrastructure for blockchain that matches the institutional characteristics of the Korean virtual asset industry. We will not only protect users, but also enhance our credibility in domestic and international markets based on thorough regulatory compliance.
Emi Yoshikawa, Vice President of Strategic Initiatives at #Ripple , welcomed the announcement. Hot news from Korea. Infinite Block, a VASP-licensed custodial company in South Korea, is launching a validator on the #XRP #Ledger . It's great to see more institutional-level validators from Asia entering the ecosystem! Mr. Yoshikawa said via social media platform X.
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