Ripple seeks to dominate Asia with new blockchain fund.

The firm has recently closed its acquisition of Standard Custody. XRP and XRPL are crucial to Ripple’s cross-border payments and remittances ecosystem.

The company’s launch of the Asia-focused fund could lead to increased adoption. The fund will concentrate on corporate partnerships, developer grants, startup investments, and community growth.

Emi Yoshikawa, Ripple’s VP for strategic initiatives, highlighted Japan and Korea as pivotal regional hubs for blockchain innovation. As part of the program, Ripple will offer financial, technical, and corporate support to developers building on XRP Ledger.

Ripple plans to invest millions of dollars’ worth of XRP in this initiative, potentially strengthening its adoption in countries that are becoming major crypto hubs. Ripple has made progress in the region, such as deploying its XRPL technology to the Japanese supply chain market through a partnership with Tokyo-based HashKey DX.

Additionally, the company has partnered with SBI Holdings since 2016 when they launched SBI Ripple Asia. Several banks and financial service providers have also penned deals with Ripple, which could potentially pave the way for unprecedented adoption.

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