Ripple and UC Berkeley Launch Digital Asset Xcelerator to Enhance XRPL Adoption
- Ripple partnered with UC Berkeley to launch the University Digital Asset Xcelerator (UDAX) aimed at boosting institutional use of the XRPL.
- The UDAX program was developed after a six-week pilot involving nine startups, providing technical support and access to capital networks.
- CRX Digital Assets increased their tokenized volume from $39 million to $58 million through the accelerator’s offerings.
- Blockroll launched stablecoin-backed virtual cards for African freelancers, enhancing remittance settlements from the U.S.
- Ripple continues to enhance the XRPL with upgrades aimed at improving network stability for institutional applications.
The UDAX initiative signifies Ripple’s commitment to fostering innovation within the blockchain space by supporting startups and enhancing utility on the XRPL. The program has already facilitated significant growth in tokenized assets and financial solutions for emerging markets.
With CRX Digital Assets boosting their volume significantly, this collaboration is poised to drive further adoption of blockchain technology in institutional finance. (Source)
