Ripple is planning to offer up to $ 200,000 in subsidies to Japanese startups built on the XRP whides (XRPL).
The initiative, announced On 9 June it is part of the broader effort of the company to promote blockchain innovation in Japan.
According to the statement, the financing is linked to a new partnership with Web3 Salon, a program that is supported by the Japan External Trade Organization (Jetro). Ripple will offer financial support, while Web3 Salon will provide guidelines to help companies grow at an early stage.
The subsidies focus on startups at an early stage in Japan that work on XRPL -based solutions. Ripple wants to promote projects in important areas such as Defi, Tokenized Real-World assets (RWA) and digital payments. Startups are selected based on their growth potential, technical possibilities and coordination with the strategic priorities of Ripple.
In addition to financing, receivers gain access to Ripple’s worldwide network of partners, experts and customers.
In addition to the subsidies, Ripple and Web3 Salon will work together on four major community events up to and including March 2026. These events will bring promising startups to the attention, investigating evolving policy trends and connections between founders, regulators and managers.
The planned activities include startup -pitch competitions, industrial panel discussions, investor network sessions and educational workshops.
Hinza Asif, president of Asia Web3 Alliance Japan, said:
“Japan is one of the most exciting and challenging markets for web3 and blockchain acceptance. Through this partnership with Ripple we want to support visionary founders and strengthen the bridge between global innovation and the technical landscape of Japan.”
XRPL’s growth
These movements reflect Ripple’s strategy to grow the XRPL developer community in the midst of criticism of the quality of projects on the Blockchain network.
However, Ripple’s CTO, David Schwartz, recently stated that the company is aimed at letting a key role can play in delivering core finance solutions in the future.
This vision has become somewhat clear in the quality of projects that the blockchain network recently attracted.
Last month, the Dubai Land Department started using the ledger to support its efforts to real estate tokenization. At the same time, the network saw the input of various new Stablecoin products designed to strengthen an increased user involvement and the growth of the blockchain.
