Ripple Leverages Japanese Banking Giants to Drive XRP Ledger Activity

Ripple Labs is strategically focusing on Japan, utilizing established relationships with major banks like Mizuho Bank and SMBC Nikko Securities to increase activity on the XRP Ledger (XRPL). The Japan Financial Infrastructure Innovation Program, launched with Asia Web3 Alliance Japan and Web3 Salon, will provide $10,000 grants to startups building compliant digital financial solutions on XRPL, focusing on stablecoins, tokenized real-world assets, and credit infrastructure. While Ripple emphasizes institutional adoption, the XRPL's Total Value Locked (TVL) has recently declined, and it faces competition in the asset tokenization space. This initiative aims to create a resilient ecosystem within Japan's banking infrastructure, less susceptible to broader crypto market volatility.

(Source：BeInCrypto)