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Ripple Pledges $5M for Crypto Research in Asia-Pacific

Key Notes

  • Ripple Labs is investing an additional $5 million in APAC blockchain research.
  • The funding is supporting university partnerships across six countries in the region.
  • The investment will develop blockchain talent and advance academic research.

Ripple Labs

XRP
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Vol. 24h:
$2.91 B



has pledged to invest an additional $5 million to improve blockchain talent and academic research in the Asia-Pacific (APAC) region.

The blockchain payments company made it known through a blog post that it intended to improve innovations through its University Blockchain Research Initiative (UBRI).


Ripple’s investment will include six countries in the APAC region, including new grants for universities in Taiwan and Australia, while renewing collaborations in South Korea, Japan, and Singapore.

In the blog post, Ripple, the company behind XRP, one of the best cryptos to buy right now, noted that the APAC region is renowned for digital finance innovation, which influenced their decision to invest in this region.

The University Blockchain Research Initiative

Ripple’s University Blockchain Research Initiative has been operating for over seven years, initially launched to enhance academic research and has since evolved to “equip the next generation of builders, researchers, and entrepreneurs.”

The UBRI offers universities access to hands-on blockchain experience, research, and experimentation. As part of its initiative, the UBRI has pledged $1.1 million to Korea University for a six-year collaboration. This builds upon the partnership that the initiative established with Yonsei University last fall.

Kyoto University and the University of Tokyo have both benefited from this initiative, collectively receiving $1.5 million to advance blockchain research. Meanwhile, in Singapore, funding has exceeded $3 million, supporting initiatives at both Nanyang Technological University and the National University of Singapore.

For the first time since its inception, the UBRI is expanding into Taiwan’s academic landscape. The initiative is partnering with the National Kaohsiung University of Science and Technology (NKUST).

This partnership is overseen by Dr. Echo Huang, Director of the International MBA Program, and represents a new initiative focused on advancing real-world asset (RWA) tokenization.

Through this project, the university will analyze the technical and policy aspects of RWA issuance across different networks, and explore ways that the technology can be adopted by institutions.

Recently, Ripple Labs announced the launch of a new initiative to promote Web3 development in Japan. The payment infrastructure company is offering Japanese Web3 startups grants of up to $200,000.

Meanwhile, Ripple’s ongoing legal battle with the US Securities and Exchange Commission (SEC) is approaching a critical June 16 deadline, when the SEC’s 60-day window expires to update the US Court of Appeals.

Legal experts remain divided on the case’s outcome, with some speculating a potential settlement before the appeal progresses.

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Rose Nnamdi

Rose is a crypto content writer with a strong background in finance and tech. She simplifies complex blockchain and cryptocurrency topics, offering insightful articles and market analysis to help readers navigate the evolving crypto landscape.

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