Ripple renews its partnership with NYU Abu Dhabi, exceeding $1M in funding to support blockchain research, talent development, and UAE’s ambition as a global financial hub.
Bollywood Fever: Ripple has renewed its strategic partnership with NYU Abu Dhabi to continue advancing blockchain research and innovation through its University Blockchain Research Initiative (UBRI).
This renewed collaboration aims to drive talent development, foster digital asset adoption, and integrate blockchain technology into both startups and established institutions in the UAE.
Ripple’s funding of NYU Abu Dhabi now surpasses $1 million, reflecting its ongoing commitment to innovation in the Middle East.
Reece Merrick, Ripple’s Managing Director for the Middle East and Africa, highlighted the UBRI program’s crucial role in supporting groundbreaking research, stating:
“The UBRI program plays a crucial role in supporting cutting-edge research and academic exploration, and this ongoing collaboration exemplifies Ripple’s dedication to driving transformative advancements in digital finance.”
Lauren Weymouth, Ripple’s Director of University Partnerships, revealed that Ripple funded 313 scholarships and blockchain-related research projects last year, further reinforcing the UAE’s position as a global financial hub.
NYU Abu Dhabi’s Visiting Professor of Economics, Raša Karapandža, emphasized that Ripple’s UBRI program strengthens the institution’s commitment to fostering a forward-thinking mindset.
In addition to its support in the UAE, Ripple has also funded blockchain initiatives at other leading institutions, including a $1.05 million grant to Morgan State University’s National Fintech Center and a $1 million grant to the Fintech Lab at the National University of Singapore (NUS).
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