Ripple on Monday said it has partnered with the Web3 Salon project by the Asia Web3 Alliance Japan to fund XRPL startups in Japan. The company will offer grant funding of up to $200,000 per project as part of the XRPL Japan and Korea Fund and Ripple’s broader 1 billion XRP commitment.
Ripple and Web Salon Partners to Foster XRPL Development
Ripple took a major step in Japan to boost digital asset ecosystem with a partnership with Web3 Salon, as per an official announcement on June 9. The Web3 Salon project is supported Japan External Trade Organization (JETRO) and powered by the Asia Web3 Alliance Japan.
Ripple will offer up to $200,000 per project over the next year as part of the broader 1 billion XRP commitment between XRPL Japan and Korea Fund and the company. It will help provide financial, technical, and business support for developers and startups building on XRP Ledger. Notably, the funding is focused on decentralized finance (DeFi), tokenized real-world assets (RWA), and digital payments startups.
Christina Chan, senior director of developer growth at RippleX, said “Together, we hope to fuel innovation and support the next generation of leaders.”
Ripple Extends XRP Adoption in Japan
Ripple already has many major partners in Japan including SBI Holdings, HashKey DX, Mercari, Yonsei University. The partnerships boost XRP adoption in the region with a specific focus on payments, supply chain finance, Web3, NFTs, and startup funding. Notably, 80% Japanese banks are set to adopt Ripple’s XRP by 2025 end.
Ripple and Web3 Salon to co-host four major community events until March 2026. The events’ agenda included highlighting Japan’s blockchain innovations, investor networking sessions, and educational workshops.
At the time of writing, XRP price was up more than 3% in the last 24 hours, with the price trading at $2.23. The 24-hour low and high are $2.17 and $2.29, respectively. Moreover, trading volume has jumped 146% in the last 24 hours, indicating a massive interest among traders.