Emi Yoshikawa, the Vice President of Ripple, highlights the remarkable adoption of XRPL in South Korea, driven by a growing interest in digital assets among businesses. Infinite Block, a licensed digital asset custody provider in Korea, is expanding its XRPL services to ensure regulatory compliance and cater to enterprise needs.
According to a report by CNF, Ripple is benefiting from the launch of an APAC Fund amidst legal challenges from the SEC. This initiative aims to promote innovation within the XRPL ledger in Japan by forming corporate partnerships, providing developer grants, making startup investments, and fostering community growth.
Yoshikawa, through her personal X account, expressed her enthusiasm for the increasing popularity of XRP Ledger (XRPL) in South Korea, with more businesses venturing into the digital asset space. The momentum of XRPL in Korea is evident, with a growing number of enterprises recognizing the importance of reliable enterprise-grade digital asset platforms.
Infinite Block, as Korea’s sole licensed digital asset custody provider, has recently joined the XRPL blockchain as a validator and introduced an XRP Ledger custody service. They plan to further expand their XRPL-based services and offer regulatory compliance consulting to meet the needs of their clients.
The trend of XRPL adoption in Korea reflects a global movement of businesses seeking secure and reliable digital asset platforms, with Infinite Block leading the way in the country. Catalyze Research shared an update on this development, quoting Gutae Jung, the CEO of Infinite Block, who emphasized the importance of leveraging their custody service to interact with XRPL in a compliant manner within Korea’s regulatory framework.
Despite a slight decrease in XRP’s price to $0.4696, the global market trend suggests the necessity for Ripple to enhance its outreach efforts to support increased trading of XRP. Stay informed with the latest news and updates on Ripple (XRP) by subscribing to our daily newsletter for valuable insights.