Ripple launches XRPL fund for Japan and Korea

• Ripple launches XRPL Japan and Korea Fund to support blockchain innovation.
• The fund will support initiatives including corporate partnerships, developer grants, startup investments and community growth in Japan and Korea.

The leading blockchain and cryptocurrency solutions company, Ripple, has done so declared the opening of the XRPL Japan and Korea Fund. This fund is intended to support XRP Ledger (XRPL) innovation in the fast-paced markets of Korea and Japan.

The XRPL Japan and Korea Fund seeks to support a number of strong programs. Among these we are collaborating with major Korean and Japanese companies to integrate the XRP Register and investigate business use cases across a range of industries.

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It also involves offering promising XRP Ledger initiatives financial, technical and commercial assistance. Additionally, the fund will make investments in startups that use XRP Ledger to develop new and intriguing use cases.

It will also support regional hackathons, events and educational initiatives aimed at engaging and expanding XRP Ledger communities in the area.

Ripple’s commitment of 1 billion XRP

This fund is part of the $1 billion XRP commitment that Ripple has made to support developers building on the XRP Ledger financially, technically and commercially. Tens of millions of dollars will ultimately be allocated, or a large percentage of the billion XRPto interesting prospects in Japan and Korea in particular.

Ripple’s vice president of strategic initiatives, Emi Yoshikawa, highlighted that Korea and Japan have great potential to become major regional centers for blockchain development. She highlighted how committed Ripple is to supporting innovation in the nearby XRP Ledger community.

Some of the most active and rapidly expanding XRP Register communities in the world are found in Japan and Korea. Progressive legal frameworks, a growing number of creative blockchain businesses, and strong institutional relationships support this growth.

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On different blockchains, it functions as a key management network and an access control protocol based on chain conditions. Inside the XRP Register community, Moai Finance in Korea is building a cross-chain DEX aggregator and a multi-chain DEX to improve asset liquidity.

Their core offering is a decentralized system based on automated market makers (AMM) that allows for smooth trading of assets across different blockchains.

Notable alliances Ripple has made in Korea and Japan include a strategic alliance with HashKey DX and a joint venture with SBI Holdings. Official Expo NFTs for the 2025 World Expo in Osaka, Japan will also be issued using the XRP Ledger.

Prominent Ripple leaders will participate in key industry events such as WebX Asia in Japan and Korea Blockchain Week to further demonstrate their dedication. Additionally, Ripple is planning community meetings in Tokyo and Seoul to talk about the XRPL Japan and Korea Fund and their plans for regional XRP Ledger initiatives.

XRP Market Performance

Meanwhile, data from CoinMarketCap shows that the price of XRP is now at $0.4873below 1.86% in the last 24 hours. Over the last seven days the price has fallen 6.44% in a negative trend. However, Ripple’s efforts demonstrate that it is still committed to innovation and market expansion.

Previously, CNF reported how much influence Ripple had on the Japanese financial company industry highlighting that 80% of Japanese institutions have partnered with the company for blockchain payments.

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