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Infinite Block, a Korean virtual asset provider, has become a validator on the XRP Ledger (XRPL) network. This development, reported by Catalyze Research, aims to foster a stable growth trajectory for the XRPL ecosystem within South Korea’s regulatory framework.&nbsp; 
Infinite Block plans to offer XRP and XRPL-related services to both local and international corporations in a manner that complies with regulatory standards. Data from XRP Scan indicates that Infinite Block’s validator service is fully operational, <a href="https://xrpscan.com/validator/nHU5Z5w8KmXEVWKvzAgWLodh5y4K1gosSLYxa6jB7ZkcZEooKH9U" target="_blank" rel="noreferrer noopener">achieving</a> an agreement score of 99.9% over the past 24 hours. 
Ripple and Infinite Block Executives React 
Infinite Block’s CEO, Jung Gu-tae, emphasized the company’s commitment to enhancing XRPL’s reliability by protecting users and adhering to both local and international regulations. Ripple’s Vice President of Strategy and Operations expressed support for the growing presence of high-quality Asian validators within the XRP Ledger ecosystem. 
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 📣 Hot off the press from Korea 🇰🇷 Infinite Block, a VASP licensed custody company in South Korea, is now running a validator on the XRP Ledger. Great to see more and more institution-grade validators are participating in the XRPL ecosystem from Asia! <a href="https://t.co/1qed2uZkoz" target="_blank">https://t.co/1qed2uZkoz</a>— Emi Yoshikawa {X} (@emy_wng) <a href="https://twitter.com/emy_wng/status/1789864838753095888?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 13, 2024</a>
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The addition of Infinite Block comes shortly after SBI VC Trade, the crypto exchange arm of Japanese financial giant SBI Holdings, also became a validator on the XRPL network. With this recent inclusion, XRPL now has more than 125 validators responsible for confirming transaction validity.&nbsp; 
Currently, around 35 of these validators are part of the default Unique Node List (dUNL), which includes entities like Ripple, Bitrue, XRP Labs, Bitso, onXRP, and Bithomp. According to XRPL.org, the network boasts a total of 615 nodes. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/05/07/south-koreas-winning-party-moves-forward-bitcoin-etf-plans/" target="_blank" rel="noreferrer noopener">South Korea’s Winning Party moves forward Bitcoin ETF plans</a> 
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South Korea Firm Infinite Block Becomes XRP Ledger Validator

The Crypto Times

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