Ripple (XRP) recently announced the launch of a new fund focused on Japan and Korea, designed to boost blockchain innovation in these key markets. Emi Yoshikawa, the vice president of strategic initiatives at Ripple (XRP), stated, “This launch reflects our strong belief in the potential of Japan and Korea as central hubs for blockchain innovation.” This move comes as the crypto industry confronts challenging regulatory conditions in the U.S.
According to a statement, Ripple (XRP) announced on Tuesday that it will use the funds to enhance corporate partnerships, provide developer grants, invest in startups, and promote community growth. Since establishing its Asia-Pacific headquarters in Singapore in 2017, Ripple (XRP) obtained a full operating license in October.
