Ripple (XRP) Launches Fund to Boost Innovation on XRP Ledger in Japan and Korea

Ripple
(XRP)
Unveils
XRPL
Japan
and
Korea
Fund

Ripple
has
announced
the
launch
of
the
XRPL
Japan
and
Korea
Fund,
aimed
at
fostering
innovation
on
the
XRP
Ledger
(XRPL)
in
Japan
and
Korea.
According
to

Ripple,
this
initiative
will
support
a
variety
of
projects,
including
corporate
partnerships,
developer
grants,
startup
investments,
and
community
growth
in
both
countries.

Key
Initiatives
and
Support

The
fund
will
collaborate
with
leading
companies
to
integrate
the
XRP
Ledger
into
various
industries
and
provide
funding
and
technical
support
to
promising
projects.
Early-stage
companies
leveraging
the
XRP
Ledger
will
also
receive
investment,
while
local
events,
hackathons,
and
educational
programs
will
be
supported
to
engage
and
grow
the
XRPL
communities
in
Japan
and
Korea.

This
initiative
is
part
of
Ripple’s
commitment
to
advance
XRPL
projects
through
its
1
Billion
XRP
commitment.
A
significant
portion
of
this
funding,
amounting
to
tens
of
millions
of
dollars,
will
be
directed
towards
opportunities
in
Japan
and
Korea.

Statements
from
Ripple
Executives

Emi
Yoshikawa,
Vice
President
of
Strategic
Initiatives
at
Ripple,
emphasized
the
company’s
belief
in
Japan
and
Korea
as
pivotal
hubs
for
blockchain
innovation.
“The
launch
of
this
fund
is
a
testament
to
Ripple’s
strong
belief
in
the
potential
of
Japan
and
Korea
as
pivotal
regional
hubs
for
blockchain
innovation,”
said
Yoshikawa.
“It
also
underscores
our
unwavering
commitment
to
fostering
innovation
in
the
local
XRP
Ledger
communities,
and
we
look
forward
to
seeing
the
transformative
impact
of
this
fund
in
these
vibrant
markets.”

Existing
Partnerships
and
Future
Plans

Japan
and
Korea
are
already
home
to
some
of
the
most
vibrant
and
rapidly
growing
XRPL
communities
globally,
supported
by
strong
institutional
partnerships
and
a
growing
number
of
innovative
startups.
Notably,
Wave
7
of
the
XRPL
Grants
program
saw
Japan-
and
Korea-based
projects,
VWBL
and
Moai
Finance,
receiving
funding
to
continue
their
developments
on
the
XRP
Ledger.

VWBL
(Japan)
focuses
on
utilizing
NFTs
to
encapsulate
encrypted
data
to
authenticate
real-world
scenarios.
Moai
Finance
(Korea)
is
developing
a
multi-chain
decentralized
exchange
(DEX)
and
cross-chain
DEX
aggregator
to
improve
asset
liquidity
and
utility
within
the
XRPL
community.

Ripple’s
established
partnerships
in
the
region
include
a
joint
venture
with
SBI
Holdings,
which
has
been
instrumental
in
promoting
Ripple
Payments
solutions.
Additionally,
earlier
this
year,
Ripple
entered
into
a
strategic
partnership
with
HashKey
DX
to
introduce
XRP
Ledger-powered
enterprise
solutions
to
the
Japanese
market.
The
XRP
Ledger
will
also
be
used
for
issuing
official
Expo
NFTs
at
the
World
Expo
2025
in
Osaka,
Japan.

Upcoming
Events
and
Community
Engagement

To
further
demonstrate
its
commitment,
Ripple’s
key
executives
will
be
attending
and
speaking
at
major
industry
events
in
August
and
September,
such
as
WebX
Asia
in
Japan
and
Korea
Blockchain
Week.
Ripple
will
also
host
community
events
in
Seoul
and
Tokyo
in
early
September,
providing
opportunities
for
local
developers
to
learn
more
about
the
XRPL
Japan
and
Korea
Fund.

Image
source:
Shutterstock

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