Ripple commits $5M more toward crypto research in APAC

The funds are on top of the $25 million that Ripple committed last month to education nonprofit organizations in the US.

Ripple Labs is set to commit an additional $5 million to help fund academic research and foster blockchain talent in the Asia-Pacific region.

In a blog post on Tuesday, Ripple Labs said it will be committing the additional funding via its University Blockchain Research Initiative (UBRI), which will fund universities across six countries, with new grants being allocated to universities in Taiwan and Australia.

UBRI has committed $1.1 million to Yonsei University in South Korea over a six-year partnership. In Japan, UBRI has committed $1.5 million to Kyoto University and the University of Tokyo. In Singapore, the total funding has crossed $3 million across Nanyang Technological University and the National University of Singapore.

Read more