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San Francisco-headquartered blockchain firm Ripple has&nbsp;<a href="https://x.com/RippleXDev/status/1800301993229180944" rel="noopener noreferrer nofollow">tapped</a> into its war chest in order to launch a new fund that is meant to promote the XRP Ledger in Japan and South Korea.&nbsp;
The company has tapped into its 1 billion XRP war chest in order to support this new initiative. Ripple initially committed the aforementioned sum to various XRPL projects in April.&nbsp;
According to Ripple executive Emi Yoshikawa, the fund will entail tens of millions of dollars over time for corporate partnerships investments, investments, and developer grants.&nbsp;
Yoshikawa believes that Japan and South Korea have emerged as "pivotal" regional hubs for blockchain innovation.
Ripple has long been a major force in the Asia–Pacific (APAC) region. Ripple CEO Brad Garlinghouse has repeatedly praised Japan for its XRP-friendly regulations and even floated the idea of moving the company's global headquarters to Japan.&nbsp;
In April, Ripple expanded its presence in Japan by teaming up with Tokyo-based HashKey DX.&nbsp;
In May, SBI VC Trade, the cryptocurrency trading platform of Japanese financial giant SBI Holdings,&nbsp;<a href="https://u.today/japanese-financial-giant-starts-running-xrp-ledger-validator" rel="noopener noreferrer nofollow">started running</a> its validator on the XRP Ledger. Yoshikawa described this as a "huge move" for the XRP Ledger.&nbsp;
Projects from Japan and South Korea also managed to secure funding during the seventh wave of the XRPL Grants program.

Ripple Unveils Major Initiative for Japan and South Korea

U_Today

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