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Infinite Block, Korea’s First Licensed Crypto Custodian, Embraces XRP

Published 06/27/2024, 08:30 PM
Updated 06/27/2024, 09:15 PM
Infinite Block, Korea’s First Licensed Crypto Custodian, Embraces XRP
XRP/USD
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  • Infinite Block has announced the support for the XRP Ledger.
  • The South Korean firm will debut escrow, transfer, and storage services.
  • Infinite Block will also provide consultation to XRP ecosystem developers.

Infinite Block, the only South Korean crypto firm to secure a Virtual Asset Service Provider (VASP) license until now, has announced support for XRP Ledger (XRPL), the open-source, public blockchain designed by American fintech firm Ripple.

The newly announced support from Infinite Block opens the door for XRPL to enter the South Korean market and gain access to a new user base.

According to a post on X (previously known as Twitter), Infinite Block will expand XRPL-based custody services and “pursue the expansion of blockchain services through compliance with domestic regulations.”

Infinite …

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