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<p class="is-style-lead">In a collaboration under Ripple&#8217;s University Blockchain Research Initiative (UBRI) in Canada, the University of Toronto, Canada&#8217;s largest university, has announced its intention to establish an autonomous XRP ledger validator.</p>



<p>This initiative aims to foster the growth of the cryptocurrency industry and support advancements in payment processing technology.</p>



<h2 class="wp-block-heading" id="the-start-of-a-new-partnership">The start of a new partnership</h2>



<p>The University of Toronto, Canada&#8217;s largest university, has announced a new partnership with Ripple to establish an independent <a href="https://crypto.news/price/xrp/">XRP</a> ledger validator aimed at supporting the crypto industry&#8217;s future. </p>



<p>The collaboration is part of Ripple&#8217;s University Blockchain Research Initiative (UBRI) in Canada, which has already invested over $2 million in the country&#8217;s leading educational institutions over a span of five years.&nbsp;</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Ripple&#39;s University Research Blockchain Initiative <a href="https://twitter.com/hashtag/UBRI?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#UBRI</a> is proud to partner with the University of Toronto <a href="https://twitter.com/UofT?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@UofT</a>.<br><br>We look forward to collaborating with more of Canada&#39;s most talented faculty and students on blockchain research and innovation.<a href="https://t.co/ZJNsyOFXUj" target="_blank">https://t.co/ZJNsyOFXUj</a></p>&mdash; Ripple (@Ripple) <a href="https://twitter.com/Ripple/status/1668312053130330134?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">June 12, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>The University of Toronto joins other Canadian UBRI partners, including the University of Waterloo and Toronto Metropolitan University, in leveraging this program to advance blockchain and crypto technology research while also providing students with skills for careers in the crypto space.</p>




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<iframe title="Ripple CEO Says SEC Suit Is &#039;Not Healthy&#039; for Industry" width="1020" height="574" src="https://www.youtube.com/embed/2YCKG2g7UE0?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
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<h2 class="wp-block-heading" id="expansion-into-canada">Expansion into Canada</h2>



<p>As part of its global growth strategy, Ripple is significantly expanding its presence in Canada, extending beyond the growth of its University Blockchain Research Initiative (UBRI). </p>



<p>After establishing an engineering hub in Toronto less than a year ago, the company is actively recruiting top local technical talent to strengthen its exceptional office in the region. </p>



<p>Since July of the previous year, Ripple has nearly doubled its initial hiring goals, resulting in a Toronto team of over 30 full-time employees.</p>



<p>Ripple&#8217;s focus on Canada comes amid regulatory developments pushing exchanges like Binance out of the country in mid-May.</p>




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Ripple works with Canada’s largest university on XRP validator initiative

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