This paper is the second part of our study on limiting behavior of characters of wreath products \mathfrak{S}
n(
T) of compact group
T as
n → ∞ and its connection with characters of \mathfrak{S}
∞(
T). Contrasted with the first part, which has a representation-theoretical flavor, the approach of this paper is based on probabilistic (or ergodic-theoretical) methods. We apply boundary theory for a fairly general branching graph of infinite valencies to wreath products of an arbitrary compact group
T. We show that any character of \mathfrak{S}
∞(
T) is captured as a limit of normalized irreducible characters of \mathfrak{S}
n(
T) as
n → ∞ along a path on the branching graph of \mathfrak{S}
∞(
T). This yields reconstruction of an explicit character formula for \mathfrak{S}
∞(
T).
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