- Ripple launched UDAX in partnership with UC Berkeley to support 9 XRP Ledger startup companies through a six-week accelerator program.
- Ripple held a demo with XRPL Developers and 13 VC Firms, and Chris Larsen and David Schwartz gave remarks.
Ripple launched the University Digital Asset Xcelerator, a brand new program. created UC Berkeley will support teams in the early stages of development on the XRP Ledger. The accelerator builds on Ripple’s University Blockchain Research Initiative. blockchain development.
UDAX serves as a link between the prototype stage and institution readiness. Ripple says the project is designed to offer founders access to mentorship and funding networks, as well as technical support.
Introducing University Digital Asset Xcelerator. 🎓@UCBerkeley Ripple University Blockchain Research Initiative has launched a program that will accelerate the shift from innovation in academia to institutional use of XRP: https://t.co/KMyVjPvXT2
The UDAX – UC…
— Ripple (@Ripple) January 16, 2026
The first cohort, UDAX–UC Berkeley, began in fall 2025 and ran as a six-week pilot. The Ripple team worked closely with UC Berkeley professors, industry experts, and lecturers to help nine startups prepare for product development and raise funds. The program began with a summit held in Berkeley. This was followed by coaching sessions, working periods and structured work to progress projects towards deployment.
A summit and demo-day at Ripple headquarters in San Francisco concluded the pilot. Ripple founder Chris Larsen took part, along with CTO Emeritus David Schwartz. The event was a presentation by the Ripple team to XRPL devs and venture capitalists.
XRP startups move towards mainnet deployment
In the first cohort, startups were involved in areas including tokenized Capital markets, payment systems, insurance and decentralized insurance are all tools that focus on creators. WaveTip is a Twitch tipping tool that was moved from the XRPL mainnet to the Chrome Web store during the program. X-Card – which turns physical collectibles in to tradable items – reported receiving more than $1,500,000 worth of inventory.
Participants also tracked growth over the course of six weeks. BlockBima – which provides climate risk microinsurance to underserved community – reported that its active users had tripled and it improved the fundraising pitch with mentor sessions. Ripple Teams reported that by the end the cohort, they had seen an increase of 92% in their fundraising confidence and 67% in the maturity of products.
CRX Digital Assets has been working on tokenized credit markets to export Brazilian credit offerings globally. They have reported an increase in tokenized volumes from $39 to $58 millions. Ripple’s payment network was used to see how institutions can use XRPL rails for international liquidity.
Blockroll launched virtual cards backed by stablecoins aimed at African freelancing and referred to RLUSD in its strategy. stablecoin settlement. The program also included teams such as Spout (which developed a model of equity tokenization), EXFIL (focused on Blockchain threat intelligence), and Mintara Labs which conducted a test in crypto-banking insurance underwriting.
Ripple stated that additional UDAX cohorts could follow. The company is focused on increasing developer activity in the XRP Ledger Ecosystem. Ripple (XRP), Ripple’s token, traded for at the time this report was published. $2.06Down 0.17% Over the last 24 hours.
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