Compartir este artículo
Ripple to Invest $2 Million in Texas University's Blockchain Research
Ripple is funding a blockchain research initiative at the University of Texas at Austin's McCombs School of Business.
Por Anna Baydakova
The University of Texas at Austin is among one of the first academic institutions to receive funding from Ripple, the San Francisco-based distributed ledger technology startup.
The company pledged to invest $2 million over the next five years in the university's McCombs School of Business to support its Blockchain Research Initiative, according to a report from The Daily Texanhttp://www.dailytexanonline.com/2018/06/14/ripple-donates-2-million-to-mccombs-for-blockchain-technology-research Thursday.
STORY CONTINUES BELOW
No te pierdas otra historia.Suscríbete al boletín de Crypto Daybook Americas hoy. Ver todos los boletines
The funding by Ripple is part of the $50 million it pledged to invest in blockchain research by universities around the world, as previously reported by CoinDesk. Other recipients included Princeton University, MIT and 14 other worldwide institutions, the report said.
However, McCombs School of Business does not yet have a firm plan for how it will direct these funds, said Cesare Fracassi, an associate professor of finance.
Fracassi, who also runs the school's Blockchain Initiative program, told CoinDesk that the school plans to call for proposals later this year. Projects run by both faculty and graduate students could receive funding from the program.
"Not only the business school but other branches will be able to participate as well. For example, the medical school expressed interest in blockchain research," Fracassi said.
The relatively-young initiative began in April 2018, when McCombs held its first blockchain conference with roughly 300 participants, he said.
Notable guests included Goldman Sachs senior fintech equity researcher Jim Schneider, IBM Global Blockchain Services' Jason Kelley, Dell's Radia Perlman, Ripple director of corporate payments Ryan Gaylor and U.S. Securities and Exchange Commission attorney Dave Hirsch.
Fracassi said there will be another conference in 2019.
According to the Blockchain Initiative website, its purpose is to "support faculty and graduate students research on blockchain," as well as "teach students the main concepts related to blockchain, cryptocurrency, and digital payments." The initiative also intends to facilitate relations with industry and media organizations.
University of Texas at Austin image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
What to know:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
Top Stories
