Ripple Labs has invested US$5M in its University Blockchain Research Initiative to support blockchain research and education in the Asia-Pacific region.
In Australia, Ripple Labs allocated US$1.3M for blockchain research at the Australia National University (ANU) and Victoria University.
The funding supports legal and technical research, XRPL validator operations, and student publications, with additional grants given to universities in South Korea, Japan, and Singapore.
Ripple's commitment to Asia-Pacific blockchain research is in line with its global initiatives, including recent education grants in the US.