Ripple has recently announced the launch of the XRPL Japan and Korea Fund as part of its 1 billion XRP pledge, which aims to provide support to projects utilizing the XRP Ledger (XRPL) in Japan and South Korea. This new fund will focus on fostering innovation in both countries through various initiatives.
The XRPL Japan and Korea Fund will concentrate on four key areas. Firstly, it will work on forming partnerships with top companies in Japan and Korea to integrate XRPL into their operations and explore enterprise use cases across different sectors. Additionally, Ripple will offer support to promising projects in business, finance, and technical development that are built on the XRP Ledger. The fund will also identify and invest in early-stage companies using XRPL to develop new applications in Japan and Korea. Lastly, Ripple will support local events such as education programs and hackathons in both countries.
This new fund is a significant part of Ripple’s commitment to providing technical, financial, and business support to developers through the XRPL Grants and XRPL Accelerator programs. Ripple plans to dedicate a substantial portion of the 1 billion XRP pledge to opportunities in Korea and Japan, potentially amounting to tens of millions of dollars over time.
Emi Yoshikawa, Ripple’s VP of Strategic Operations, expressed confidence in Japan and Korea as key regional hubs for blockchain innovation. Ripple highlighted the dynamic XRP Ledger communities in both countries, supported by institutional collaborations, favorable regulations, and a growing number of startups in the blockchain sector. Projects from Japan and Korea, such as VWBL and Moai Finance, have been recognized and funded through the XRPL Grants program.
Ripple has established partnerships with leading companies in Korea and Japan, including SBI Holdings and HashKey DX. The company’s executives are set to participate as speakers at upcoming events in these regions, such as Korea Blockchain Week and WebX Asia in Japan.
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