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Ripple-Funded Non-Profit Aimed at Crypto Education Goes Live
The National Cryptocurrency Association is headed by Ripple Chief Legal Officer Stuart Alderoty.
Mar 5, 2025, 3:17 p.m.
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What to know:
- The National Cryptocurrency Association (NCA) is described as an independent group focused on crypto education.
- Ripple funded the NCA with a $50 million grant, and Ripple Chief Legal Officer Stuart Alderoty will serve as the new group's president.
The Ripple-backed National Cryptocurrency Association (NCA) launched on Wednesday.
Describing itself as independent and non-political, the NCA said it aims to provide clear, unbiased information on how digital assets function and their role in finance. It says its aim is to “demystify crypto.”
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The group was seeded with $50 million in funding from Ripple and Ripple Chief Legal Officer Stuart Alderoty will serve as the NCA president.
"We’re giving a voice to users from all walks of life and serving as a guide for how to use crypto responsibly,” said Alderoty in a press release.
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Wall Street giant Apollo deepens crypto push with Morpho token deal
The asset manager overseeing more than $900 billion assets may buy up to 90 million MORPHO tokens as part of a partnership to support DeFi credit market, it said.
Ano ang dapat malaman:
- Apollo Global Management struck a cooperation agreement to support lending markets built on Morpho’s onchain protocol.
- The deal allows Apollo to acquire up to 90 million MORPHO tokens over 48 months.
- The move follows BlackRock's push into decentralized finance earlier this week, listing its tokenized fund and buying tokens of decentralized exchange Uniswap.
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