In a dazzling display of financial fireworks, Ripple has set ablaze the path to Japan’s Web3 future, showering XRP Ledger startups with a generous sprinkle of up to $200,000 per project, all while targeting the elusive trifecta of DeFi, tokenized assets, and digital payments. Who knew philanthropy could be so lucrative? 💸
Ripple Sparks XRPL Wave in Japan With $200K Support Plan per Project
On the fateful day of June 9, Ripple Labs, in a move that could only be described as audacious, announced a partnership with Web3 Salon—a project that, like a well-placed cherry on top, is supported by the Japan External Trade Organization (JETRO). Together, they aim to cultivate the lush landscape of Japan’s digital asset startups, because why not? 🌸
This partnership, dear reader, will focus on the early-stage startups that dare to build upon the XRP Ledger (XRPL). The goal? To support the next wave of development in decentralized finance (DeFi), tokenized real-world assets (RWA), and digital payments. Ripple has identified Japan’s robust regulatory ecosystem and its deep pool of technical talent as the perfect breeding ground for Web3 innovation. Ripple, in its infinite wisdom, has outlined the core of its commitment:
As part of the partnership, Ripple will offer grant funding of up to $200,000 per project over the next year. Yes, you read that right! 💰
“This initiative is part of the XRPL Japan and Korea Fund and Ripple’s broader $1 billion XRP commitment to provide financial, technical, and business support for developers and startups building on the XRP Ledger (XRPL),” Ripple added, as if we needed more reasons to be excited. “The funding will be awarded to a select group of early-stage startups based in Japan that are building on the XRPL, particularly in use cases like decentralized finance (DeFi), tokenized real-world assets (RWA), and digital payments.”
But wait, there’s more! Selected startups will be integrated into Ripple’s grand global network, granting them access to investors, technical mentors, and enterprise collaborators. While Ripple plays the role of the benevolent financier, Web3 Salon will take the reins on operational support—facilitating mentorship, go-to-market planning, and access to regulatory and investor communities. The partnership includes four major public events through March 2026 to showcase top XRPL projects and explore the ever-evolving policy and technological trends. Talk about a networking bonanza! 🎊
Hinza Asif, President of Asia Web3 Alliance Japan, couldn’t contain his enthusiasm, emphasizing the ambition of this effort:
Japan is one of the most exciting and challenging markets for Web3 and blockchain adoption. Through this partnership with Ripple, we aim to support visionary founders and strengthen the bridge between global innovation and Japan’s tech landscape. And who doesn’t love a good bridge? 🌉
This partnership is a response to Japan’s highly structured regulatory environment, offering coordinated support to lower barriers for Web3 entrepreneurs. While critics may point to strict rules as a constraint, the initiative underlines how public-private collaboration can unlock growth in a regulated market. Because, after all, rules are just suggestions, right? 😉
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2025-06-10 04:28