Ripple has partnered with Web3 Salon to accelerate the development of Japan's digital asset sector by offering support to early-stage blockchain ventures.
The collaboration involves providing up to $200,000 in grant funding per project over the next year to Japanese startups building on the XRP Ledger, focusing on DeFi, tokenized real-world assets, and digital payments.
Ripple will manage the grant process and offer access to its global partner and customer network, while Web3 Salon will provide mentorship programs, workshops, and access to regulators and investors for founder enablement.
The partnership aims to bridge the gap between traditional finance and blockchain technologies and empower developers, strengthen the XRP Ledger ecosystem, and promote global digital asset adoption.