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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.