RippleX, the development arm of Ripple, launches XRPL Japan and Korea Fund to boost innovation, support partnerships, startups, and community growth in the Japanese and Korean markets.
RippleX recently disclosed that the fund, which could bolster innovation within the XRP Ledger (XRPL) ecosystem across these Korean and Japanese markets, is now open for applications.
This fund aims to support various initiatives, including corporate collaborations, investments in startups, grants for developers, and community expansion.
Attention 🇯🇵 & 🇰🇷 – the #XRPL Japan and Korea Fund is now open for applications from enterprises, developers and XRPL community members! The Fund will support everything from corporate partnerships and startup investments to developer grants and community growth.…
— RippleX (@RippleXDev) July 2, 2024
Fund Opens Doors
The newly launched fund is now accepting applications from businesses, developers, and community members. The initiative seeks to encourage the development and integration of XRPL-based solutions in Japan and Korea.
The fund will provide financial backing and resources for corporate partnerships, startup investments, developer grants, and community-building efforts.
This could help accelerate fund aims to accelerate the adoption and utilization of the XRP Ledger in these regions. According to the announcement, RippleX’s support is expected to inspire new ideas and innovations leveraging the XRP Ledger’s capabilities.
Ripple’s Global Expansion
This announcement follows another development by SBI Holdings, a Ripple partner. SBI has started minting non-fungible tokens (NFTs) on the XRPL for the 2025 World Expo in Osaka, Japan.
A total of 920 NFTs have been created as part of this initiative. This development is part of SBI’s plans announced six months ago to launch the “EXPO 2025 Digital Wallet NFT” service.
Emi Yoshikawa, Ripple’s VP for Strategic Initiatives, emphasized the progress and the ability to track the minting process in real-time through on-chain data.
In another notable development, Ripple recently expanded its collaboration with Archax, the first registered crypto exchange and custodian in the United Kingdom.
The objective of this extended partnership is to introduce a significant volume of tokenized real-world assets (RWAs) to the XRP Ledger by next year, with Ripple and Archax aiming for a substantial amount in tokenization.
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