Blockchain and digital payments company Ripple has announced a collaboration with Web3 Salon, a project supported by the Japan External Trade Organization (JETRO).
The aim of the collaboration is to assist early-stage Japan-based startups specializing in blockchain technology.
Ripple will specifically prioritize those startups that are working with the XRP Ledger.
Decentralized finance (DeFi), digital payments, and tokenization will be the key focus areas.
The San Francisco-based blockchain firm is offering $200,000 per project over the next year.
This funding comes from the company's dedicated XRPL Japan and Korea Fund, which was launched last June in order to drive innovation in countries like Japan and South Korea.
Apart from the financial contributions, the startups will also be able to gain access to Ripple's global network of partners.
