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Infiniteblock selected for Gangnam-gu global startup support project !
Infiniteblock(CEO : Jung Gu-tae), a blockchain-based fintech startup, announced on the 11th that it was selected for the ‘2023 Gangnam-gu global startup IR activation support project’.
This project is a program in which the KOVA(Korea Venture Business Association) and Gangnam-gu discover excellent venture companies in the region and support them to advance into the global market. Through the selection, Infiniteblock is supported by a professional accelerating program specialized for global expansion. In addition, △participation in a briefing session on attracting foreign investment in Canada, △preliminary development verification for entry into the US and Europe, and △open innovation for US companies will also be supported.2023.05.26
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Infiniteblock, Selected as a participating company for the Fintech Center Korea support program
Infiniteblock(CEO : Jung Gu-tae), a blockchain-based fintech startup, announced on the 5th that it has been finally selected as a participant in the Fintech Startup Support Program hosted by the Fintech Center Korea.
The Fintech Startup Support Program is a fintech-specific incubation program that supports the internalization of technology and growth for early-stage startups with excellent items in the fintech field.
Through the selection for the Fintech Startup Support Program this time, InfiniteBlock will receive specialized incubation programs in the fintech field, including fintech regulatory sandbox, D-testbed, financial clouds, and fintech security support, as well as funding for internalizing fintech technology.2023.04.18
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Blockchain-based fintech startup ‘Infiniteblock’ selected for the 12th Kibo Venture Camp
Infiniteblock, a blockchain-based fintech startup, announced on the 13th that it was finally selected for the 12th Kibo Venture Camp hosted by The Korea Technology Finance Corporation.
2023.03.15
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Infiniteblock acquired 'ISMS preliminary certification'
Infinitblock (CEO Jung Gu-tae), a blockchain-based fintech startup, announced on the 3rd that it had acquired preliminary certification for the ISMS.
2023.03.08
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Infiniteblock develops its own ‘digital asset custody’ platform
Infinitblock (CEO Jung Gu-tae), a blockchain-based fintech startup, announced on the 24th that they had developed a ‘KARBON Custody’ platform specialized for digital assets.
The platform handles all digitized assets that issue on blockchain networks, such as security tokens offering(STO) and non-fungible tokens(NFT), as well as digital assets such as Bitcoin and Ethereum. It will serve as a kind of digital vault that can safely store and manage user-owned assets.
KARBON Custody, developed by Infiniteblock, applies multi-sig(multi-signature) technology so that the private key can be safely managed without being exposed to the risk of loss such as external hacking or theft. It also provides a cold wallet that is completely disconnected from the Internet, implementing thorough security.
In particular, UX/UI was adopted to help users easily and conveniently operate and manage the company's assets. It provides functions optimized for managing digital assets owned by companies, such as asset status in the form of a dashboard where users can check the details of their assets at a glance, deposit and withdrawal management, log-data, authority settings, and whitelist management.
Infiniteblock has backed by strategic investments from SK Securities and DGB Daegu Bank, starting with the 'Fintech Innovation Fund' seed investment in August. Through this, it plans to discover and expand collaboration models in the financial sector, such as banks and securities, as well as increase the reliability of the custody business itself.
“In terms of securing our own blockchain technology, which is one of the success factors of the custody business, we have internalized all development stages from platform planning to design, implementation, and verification.” and "Based on our technological prowess, we will complete the acceptance of VASP early next year and start competing in the market in earnest.” said Jung Gu-tae, CEO of Infinitblock.2022.11.28
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Infiniteblock, a blockchain-based fintech startup, attracts seed investment from SK Securities · DGB Daegu Bank
Infiniteblock, a blockchain-based fintech startup, has attracted seed investment from DGB Daegu Bank and SK Securities.
2022.08.12
FAQ
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How do I sign up for a custody service membership?
Currently, only corporate, group, and institutional customers can join and it is unavailable for individual users.
If you contact us with your information regarding service through inquiry, we will contact you as soon as possible.
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What is the CDD(Customer Due Diligence) and is it required?
In accordance with Article 5-2 of the ACT OF CERTAIN FINANCIAL TRANSACTION INFORMATION, all financial companies, including digital asset providers, must implement a CDD(Customer Due Diligence). According to the CDD(Customer Due Diligence), if the transaction is judged to be rejected or CDD(Customer Due Diligence) is not possible, the service cannot be used.
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What is the procedure for the CDD(Customer Due Diligence)?
In principle, it goes through required document submission and face-to-face verification due to the characteristics of corporate and institutional customers.
In addition, there may be additional verification requirements on a regular or irregular basis.
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What are the travel rules?
According to the ACT OF CERTAIN FINANCIAL TRANSACTION INFORMATION, it is a system that makes it mandatory to provide information related to senders and recipients with the transfer of digital assets that is applied to all digital asset providers.
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