Ripple, whose legal battle with the SEC continues, continues to develop outside the USA. At this point, the latest development came for Japan and South Korea.
In line with its goal to expand its presence in the Asia-Pacific region, the tech giant announced that it has launched a new fund aimed at promoting the XRP Ledger in Japan and South Korea.
Ripple stated that the launched fund will be devoted to supporting corporate partnerships, developer grants, startup investments and community growth.
The statement stated that the fund aims to provide financial, technical and commercial support to developers as part of the 1 billion XRP commitment announced in March 2022 for Japan and South Korea.
Ripple Vice President of Strategic Initiatives Emi Yoshikawa said:
“The launch of this fund is a testament to Ripple's strong belief in the potential of Japan and South Korea to become major regional hubs for blockchain innovation.
“This also underscores our unwavering commitment to driving innovation in local XRP Ledger communities, and we look forward to seeing the transformative impact of this funding in these vibrant markets.”
*This is not investment advice.
