Ripple Funds UC Berkeley Center for Digital Assets With $1.3 Million
The on‑campus hub prioritizes digital twins for real‑world asset tokenization to link physical operations to on‑chain finance.
Overview
- Ripple confirmed a $1.3 million commitment to launch UC Berkeley’s Center for Digital Assets focused on blockchain research.
- Researchers will model farms, factories, machinery, semiconductors, and automobiles as digital twins to explore tokenization use cases such as financing harvests.
- Coverage reports the center will host an accelerator called BDAX preparing its first startup cohort this fall with an emphasis on XRP Ledger applications.
- The initiative expands a collaboration that began in 2018 and marks Ripple’s first funding of a dedicated on‑campus research center at Berkeley.
- Separate reporting links the launch to Ripple’s RLUSD strategy, noting the stablecoin recently entered the top‑100 by market cap at about $790 million with integrations by regional fintech partners.