Ripple announces XRP Ledger Japan and South Korea Fund now open for applications

RippleX, the development arm of Ripple, launches the XRPL Japan and Korea Fund to foster innovation, support partnerships, startups and community growth in the Japanese and Korean markets.
RippleX recently revealed that the fund is now open for applications and could enhance innovation within the XRP Ledger (XRPL) ecosystem in the Korean and Japanese markets.
The fund aims to support a variety of initiatives, including corporate partnerships, investments in startups, developer grants, and community outreach.
Fund open for application
The newly launched fund is now accepting applications from businesses, developers and community members. The initiative aims to encourage the development and integration of XRPL-based solutions in Japan and South Korea.
The fund will provide financial support and resources for corporate partnerships, startup investments, developer grants, and community-building efforts.
This helps accelerate the goal of accelerating the adoption and utilization of the XRP Ledger in these regions. According to the announcement, RippleX’s support is expected to inspire new ideas and innovations that leverage the capabilities of the XRP Ledger.
Ripple’s Global Expansion
This announcement is another development for Ripple partner SBI Holdings. SBI has begun minting non-fungible tokens (NFTs) on XRPL for use in the 2025 World Expo in Osaka, Japan.
A total of 920 NFTs were created as part of this initiative. The development is part of SBI’s plan to launch the “EXPO 2025 Digital Wallet NFT” service, which was announced six months ago.
Emi Yoshikawa, Ripple’s vice president of strategic affairs, highlighted the progress and ability to track the minting process in real time through on-chain data.
In another notable development, Ripple recently expanded its partnership with Archax, the first registered cryptocurrency exchange and custodian in the United Kingdom.
The goal of this extended collaboration is to bring a large number of tokenized real-world assets (RWAs) to the XRP Ledger by next year, with Ripple and Archax aiming to achieve mass tokenization.
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