Infinite Block
Enterprise digital asset custody and financial platform.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
* | N/A | Seed | |
| Total Funding | 000k | ||
Infinite Block is a blockchain financial technology company based in Seoul, South Korea, founded in March 2022 by CEO Jeong Gu-tae. The firm specializes in providing secure custody services for digital assets to corporate and institutional clients.
The company's core offering, Karbon, is a digital asset custody platform designed with internal control functions tailored for enterprise needs. It utilizes advanced security solutions like multi-signature and multi-party computation (MPC) to safeguard client assets. The platform enables clients to manage digital assets with features that allow for the flexible separation of operational authority within an organization. Infinite Block is the first entity in South Korea to be licensed as a Virtual Asset Service Provider (VASP), a designation from the Financial Services Commission's Financial Intelligence Unit (FIU) that is required to operate a crypto-related business in the country. This regulatory compliance is a key aspect of its business model, ensuring it adheres to all domestic laws, including the Act on Reporting and Using Specified Financial Transaction Information.
Infinite Block serves corporate clients, organizations, and institutions, with individuals currently unable to join the service. Its business model revolves around providing these regulated, secure custody solutions. The company has also engaged in collaborations, such as a partnership with Korea University's Blockchain Security Research Center to develop an MPC-based digital wallet. In June 2024, the company announced it would support the XRP Ledger (XRPL), offering custody, escrow, and transfer services for its users and providing regulatory consultation for XRPL initiatives in the South Korean market. The firm has received investments from entities including SK Securities, iM Bank, InfoBank, and the Tech Incubator Program for Startup (TIPS).
Keywords: digital asset custody, virtual asset service provider, VASP, blockchain financial services, enterprise crypto solutions, multi-party computation, MPC wallet, Karbon custody, South Korea blockchain, institutional digital assets, crypto asset security, regulatory compliance crypto, Jeong Gu-tae, XRP Ledger custody, SK Securities, FinTech, financial software, crypto-asset storage, blockchain security