Ripple Labs is considering a $5 million investment to bolster blockchain research and education within the Asia-Pacific region through its University Blockchain Research Initiative (UBRI).
The funding targets academic institutions across six Asia-Pacific countries, including Taiwan and Australia. Universities such as Yonsei University, Kyoto University, and the University of Tokyo are slated to receive support, building upon previous UBRI grants exceeding $2.6 million awarded to institutions in the region.
The initiative aims to foster interdisciplinary research focusing on blockchain technology, cryptocurrencies, and digital payments. Key research areas include addressing challenges related to scalability, security, and interoperability.
While Ripple’s UBRI program operates globally, this significant investment specifically targets the Asia-Pacific region. Ripple cited the region’s rapid technology adoption and substantial innovation potential as key drivers for this focused funding.
The investment is intended to enable recipient universities to develop specialized academic courses, sponsor targeted research projects, and provide scholarships. This comprehensive approach seeks to enhance the blockchain talent pipeline and accelerate innovation across the Asia-Pacific region.