Ripple’s New Blockchain Fund Aims for Asian Dominance

Last updated:06/27/2024

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Ripple's New Blockchain Fund Aims for Asian Dominance

In a significant move to bolster blockchain technology in the Asia-Pacific region, Ripple has announced the establishment of the XRPL Japan and Korea Fund. This groundbreaking initiative, unveiled on Tuesday, aims to spur innovation and adoption of blockchain solutions in Japan and Korea through the utilization of the XRP Ledger. This announcement marks a significant expansion of Ripple’s operations in the dynamic Asia-Pacific market, following its partnership with Georgia’s national bank to drive economic digitization.
The XRPL Japan and Korea Fund is a testament to Ripple’s unwavering belief in the transformative potential of blockchain technology in these two countries, which are recognized as pivotal regional hubs for blockchain development. By targeting blockchain innovation across the region, Ripple aims to create a robust ecosystem that fosters collaboration and growth, ultimately leading to wider adoption and impact.
In addition to this latest fund launch, Ripple has also made headlines recently with its acquisition of Standard Custody. This strategic acquisition further strengthens Ripple’s position as a leader in digital asset custody solutions, providing enterprises and financial institutions with secure and reliable services.

Ripple Launches Japan-Korea Fund: Expanding Crypto Reach
Ripple (XRP) Thrives in Asia-Pacific with Partnerships & Regulatory Wins – Strategic Expansion Unleashed
XRP Surge Ahead? Ripple Injects Millions in Local Markets

Ripple Launches Japan-Korea Fund: Expanding Crypto Reach

Ripple, the trailblazer in blockchain-powered cross-border payments, has taken a significant step forward in Asia-Pacific with the launch of its XRPL Japan and Korea Fund. This fund, tailored specifically for the dynamic blockchain ecosystems in Japan and Korea, aims to bolster the already robust XRP Ledger, a decentralized, public blockchain that powers the groundbreaking XRP cryptocurrency. With this strategic move, Ripple underscores its commitment to fostering blockchain and crypto adoption in these pivotal regional hubs of innovation.
At the heart of Ripple’s cross-border payments and remittance ecosystem lies XRP and the XRPL. These technologies enable real-time, secure, and cost-effective transactions globally, transforming the traditional financial landscape. Now, with the launch of the XRPL Japan and Korea Fund, Ripple aims to further accelerate this momentum, targeting key areas such as corporate partnerships, grants for developers, startup investments, and community growth.
This new fund aligns perfectly with Ripple’s overarching vision to promote robust crypto and blockchain ecosystems worldwide. In particular, it taps into the company’s earlier commitment of allocating 1 billion XRP to support developers financially, technically, and commercially. This commitment, announced in March 2022, underscores Ripple’s dedication to fostering a vibrant blockchain community and ecosystem.
“Japan and Korea are pivotal regional hubs for blockchain innovation, and we see this fund as a critical step towards our vision of a more inclusive, global financial system,” said Emi Yoshikawa, Ripple’s Vice President of Strategic Initiatives. “With the XRPL Japan and Korea Fund, we aim to unlock the potential of these vibrant ecosystems and collaborate with partners, developers, and startups to drive meaningful innovations on the XRP Ledger.”

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Ripple (XRP) Thrives in Asia-Pacific with Partnerships & Regulatory Wins – Strategic Expansion Unleashed

In a significant development, Ripple forged a partnership with Tokyo-based HashKey DX in April, introducing XRPL-powered supply chain finance solutions to the Japanese market. This partnership underscores Ripple’s dedication to providing advanced financial technology to businesses in the region. In 2016, Ripple also launched SBI Ripple Asia, a joint venture with Japanese financial services giant SBI Holdings, to expedite the adoption of Ripple’s payment solutions across the Asia-Pacific region.

Moreover, Ripple achieved a significant milestone at the World Expo 2025 in Osaka, Japan. The company announced that the XRP Ledger will be utilized to issue official Expo NFTs (non-fungible tokens) for millions of attendees. This innovative application of blockchain technology will enable secure storage and verification of unique virtual objects like artwork, audio, and videos, enhancing the Expo experience for participants.

Ripple’s success in the Asia-Pacific region has been further bolstered by its acquisition of a full license to operate in Singapore. Since establishing Singapore as its Asia-Pacific headquarters in 2017, Ripple has witnessed robust growth and regulatory support in the region. This license paves the way for Ripple to continue expanding its operations and services in Singapore and beyond.

In addition to its regional expansion, Ripple is making headlines with its plans to launch a U.S. dollar stablecoin. In April, the company announced its intention to introduce this new digital asset, with President Monica Long indicating that it is likely to happen this year. This strategic move positions Ripple at the forefront of the growing stablecoin market, providing a trusted and reliable digital asset for businesses and individuals.

Furthermore, Ripple has recently received a major boost in its legal battle with the U.S. Securities and Exchange Commission (SEC). In October, the SEC dropped claims against Ripple’s CEO Brad Garlinghouse and co-founder Chris Larsen in a lawsuit alleging that Ripple had violated laws by selling XRP without first registering the token with the SEC.

XRP Surge Ahead? Ripple Injects Millions in Local Markets

As part of the program, Ripple will offer financial, technical, and corporate support to developers building on the XRP Ledger. To provide these benefits, the company plans to utilize its XRPL Grants and XRPL Accelerator programs, with a significant portion of the 1 billion XRP allocated for this purpose.

In this initiative, Ripple will invest tens of millions of dollars’ worth of XRP, likely strengthening its adoption in countries emerging as major crypto hubs.

One of the achievements in this region is Ripple’s successful deployment of its XRPL technology to the Japanese supply chain market, achieved through a partnership with HashKey DX based in Tokyo.

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Ripple Blockchain Ambitions Japan-korea Fund Asian Dominance

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