Ripple will create a $1 billion equivalent XRP fund to accelerate the development of XRPL in Japan and Korea. Vice President of Strategic Initiatives at Ripple Amy Yoshikawa noted:
The launch of this fund is a testament to Ripple's strong belief in the potential of Japan and Korea as key regional centers of blockchain innovation. It also underscores our commitment to fostering innovation in local XRP Ledger communities, and we look forward to seeing the fund's transformative impact on these dynamic markets.