Ripple Commits $5 Million to Enhance Blockchain Research in APAC

Ripple Labs has committed an additional $5 million to enhance blockchain talent and academic research in the Asia-Pacific (APAC) region through its University Blockchain Research Initiative (UBRI). The investment targets six countries, with new grants for universities in Taiwan and Australia, alongside renewed collaborations in South Korea, Japan, and Singapore.

Key Points

UBRI has operated for over seven years, focusing on advancing academic research and supporting future builders and researchers.
$1.1 million allocated to Korea University for a six-year partnership.
Kyoto University and the University of Tokyo received a combined $1.5 million for blockchain research.
Funding in Singapore surpassed $3 million, aiding Nanyang Technological University and the National University of Singapore.
First-time partnership with National Kaohsiung University of Science and Technology in Taiwan to explore real-world asset tokenization.
Ripple is also promoting Web3 development in Japan with grants up to $200,000 for startups.
The company’s legal dispute with the SEC approaches a critical deadline on June 16, with speculation about a potential settlement.