Ripple establishes ‘XRPL Japan and Korea Fund’ to support XRP Ledger in Korean and Japanese markets

Ripple establishes fund with support from XRP Ledger in Korea-Japan market
Ripple, an American fintech company, announced the launch of the ‘XRPL Japan and Korea Fund’ on June 11.
According to the announcement, the “XRPL Japan-Korea Fund” is a market-specific fund to support the innovation of XRP Ledger (XRPL) in the Japanese and Korean markets.
It is said to support efforts such as the growth of the XRPL community in Japan and Korea, corporate partnerships, developer subsidies, and startup investment.
Specifically, in partnerships with companies, we will work with leading companies in Japan and Korea to promote the use of XRPL and explore and realize enterprise use cases in various industries.
Additionally, in terms of providing funds to developers, it is said that the company will provide technical and business support to promising projects developed on XRPL, as well as provide funds.
Investing in Startups invests in startups that are leveraging XRPL to develop new and exciting use cases.
And community support supports events, hackers, and educational programs in Japan and Korea to promote the activities of the local XRPL community.
Ripple said that Japan and Korea are “the most rapidly growing markets among the global XRPL communities, backed by partnerships with strong financial institutions and business companies, an advanced and active regulatory framework, and innovative startup companies in the blockchain industry.” Evaluating.
Additionally, Emi Yoshikawa, Vice President of Strategic Initiatives at Ripple, said, “The launch of this fund demonstrates Ripple’s strong belief that Japan and Korea are very important regions for blockchain innovation. “We look forward to this fund bringing transformation to this vibrant market,” the release comments.
Additionally, according to the website of the “XRPL Japan-Korea Fund,” details of the fund’s application process will be made public in the near future.
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Reference: Ripple images:iStocks/ eugenesergeev・Ninja-Studio