Ripple has announced a collaboration with Web3 Salon, aimed at nurturing XRPL-based startups in Japan through grants of up to $200,000. This initiative is designed to strengthen Ripple's presence in Asia's digital economy and includes support from the Japan External Trade Organization (JETRO). The main focus is to facilitate real-world applications of the XRP Ledger (XRPL), covering areas like decentralized finance (DeFi) and digital payments.
As part of its strategy, Ripple's Japan & Korea Fund will finance these grants, utilizing resources from a larger $1 billion commitment to the XRP ecosystem established in 2022. Selected startups will not only benefit from financial resources but will also gain access to Ripple's extensive network of investors and advisors. Meanwhile, Web3 Salon will ensure that startup founders receive necessary mentorship, helping them navigate Japan's regulatory landscape and improve their chances of success.
This partnership is emblematic of Ripple's broader strategy for growth in Asia, with plans to hold four significant events in Japan until March 2026. These events will feature pitch competitions and educational workshops designed to build a collaborative environment among innovators, regulators, and business leaders.
Ripple's move aligns with Japan’s reputation as a tech-savvy market with a favorable regulatory environment, aiming to reduce barriers for blockchain startups and enhance the growth of the digital finance sector.
As part of its strategy, Ripple's Japan & Korea Fund will finance these grants, utilizing resources from a larger $1 billion commitment to the XRP ecosystem established in 2022. Selected startups will not only benefit from financial resources but will also gain access to Ripple's extensive network of investors and advisors. Meanwhile, Web3 Salon will ensure that startup founders receive necessary mentorship, helping them navigate Japan's regulatory landscape and improve their chances of success.
This partnership is emblematic of Ripple's broader strategy for growth in Asia, with plans to hold four significant events in Japan until March 2026. These events will feature pitch competitions and educational workshops designed to build a collaborative environment among innovators, regulators, and business leaders.
Ripple's move aligns with Japan’s reputation as a tech-savvy market with a favorable regulatory environment, aiming to reduce barriers for blockchain startups and enhance the growth of the digital finance sector.
