Ripple to again XRP Ledger startups in Japan with $200K grants
Ripple is deepening its dedication to Asia’s Web3 ecosystem with the launch of a brand new grant initiative geared toward selling innovation in Japan’s blockchain sector.
The corporate introduced on a June 9 weblog submit that it has partnered with Web3 Salon, a mission supported by Japan’s Exterior Commerce Group and powered by the Asia Web3 Alliance Japan, to supply focused help for startups constructing on the XRP (XRP) Ledger.
By means of this program, Ripple will supply as much as $200,000 per mission over the subsequent yr. The grants will go to startups engaged on use circumstances like decentralized finance, tokenized real-world property, and digital funds. This effort is a part of Ripple’s Japan and Korea Fund and ties into a bigger plan to help XRPL builders with monetary, technical, and enterprise assist.
The grant course of can be managed straight by Ripple, which can choose initiatives based on their technical high quality, potential for progress, and match with its targets. Chosen startups will obtain funding in addition to entry to Ripple’s international community of companions and specialists.
Taking the lead in founder help, Web3 Salon will present networking alternatives, workshops, and recommendation. Its objective can be to assist startups develop, construct stronger merchandise, and join with traders and regulators.
4 neighborhood occasions by way of March 2026 are additionally a part of the partnership. Startup pitches, investor classes, panel discussions, and academic workshops on topics like cross-border growth and compliance will all be included in these occasions.
Regardless of its clear crypto rules and robust tech expertise, Japan stays a tough place for startups. Web3 Salon and Ripple hope to cut back the entry barrier and facilitate the expansion and growth of latest groups.
This transfer comes at a time when Ripple’s recognition in Japan continues to develop. The nation’s clear authorized framework for digital property has attracted main gamers like SBI Holdings, a key Ripple associate and probably the most vocal supporters of XRP.
SBI Remit, the largest cash switch firm in Japan, already makes use of RippleNet for worldwide funds. Its cryptocurrency division, SBI VC Commerce, permits institutional and retail prospects to commerce XRP.
In the meantime, main platforms like Mercari have began providing XRP to customers by way of their apps, and huge firms like Open Home Group now settle for XRP for actual property purchases. With help from Ripple, Web3 Salon, and JETRO, this new initiative might give Japan’s Web3 scene a significant push and assist deliver new concepts to life on the XRP Ledger.