Ripple VP Breaks Silence on Korean XRP Ledger Growth

The XRP Ledger (XRPL) is seeing a significant rise in popularity in Korea, a development that has attracted market attention.

With this in mind, Emi Yoshikawa, Ripple’s Vice President of Corporate Strategy and Operations, expressed her excitement over the growing momentum of XRP Ledger (XRPL) in South Korea. This surge in interest is particularly notable as more companies move into the digital asset space, seeking reliable, enterprise-grade platforms to support their initiatives.

The Ripple executive highlighted the latest development from Infinite Block, Korea’s only licensed digital asset custody provider. Last month, it announced its participation as a validator on the XRP Ledger blockchain.

In the most recent development, Infinite Block custody now supports XRPL, having launched an XRP ledger custody service.

According to a tweet shared by Yoshikawa, Infinite Block announced earlier this week that it will further expand custodial services based on XRP Ledger (XRPL) and continue the expansion of blockchain services by complying with national regulations. Infinite Block also plans to provide regulatory compliance guidance to major XRPL initiatives and ecosystem builders.

Reflecting on recent developments, Yoshikawa said, “It’s great to see the continued momentum of the XRP Ledger in Korea. With more and more companies entering the digital asset space, it is essential for them to have access to reliable enterprise-grade digital asset platforms. Block, the only licensed digital asset custody provider in Korea, is opening opportunities for XRPL users in Korea.

The excitement over the momentum of the XRP Ledger in Korea is well-founded. With Infinite Block leading the way as an approved digital asset custody provider, opportunities for XRPL users in Korea are growing.

XRP Ledger is gaining traction globally and Korea is no exception. Yoshikawa’s recent remarks highlight the growing adoption of XRPL in Korea. This trend reflects a broader movement within the digital asset space, where companies are seeking robust, decentralized platforms to support their initiatives.

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Tomiwabold Olajide