Ripple Launches Massive Fund For XRP Ledger In East Asia

Ripple Launches Massive Fund For XRP Ledger In East Asia


Ripple announced the creation of the XRPL Japan and Korea Fund on June 11, 2024, marking a major strategic move to deepen its engagement with blockchain innovation in East Asia. This initiative is part of a broader commitment from Ripple, allocating 1 billion XRP (worth approximately $490 million) to support various activities that catalyze the growth and development of the XRP Ledger (XRPL) ecosystem.

Emi Yoshikawa, Vice President of Strategic Initiatives at Ripple, described the fund as crucial to the company’s strategy in the region. “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,” Yoshikawa stated. She further elaborated on the specific aspects of the fund aimed at

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