Ripple and UC Berkeley Graduate First UDAX Cohort After $58M Tokenized on XRPL
Ripple’s UDAX accelerator, run in partnership with UC Berkeley, has graduated its inaugural cohort of nine startups, with participating projects reporting $58 million in tokenized assets and live deployments on the XRPL mainnet. The cohort completion marks a practical test of Ripple’s push to expand on-chain asset issuance and real-world use cases for XRPL beyond payments.
The achievement matters because tokenized assets can drive on-chain liquidity, diversify use cases for XRP and attract developers and institutional partners to XRPL. For Ripple and UC Berkeley, the early results offer validation for the accelerator model and may pave the way for more cohorts, deeper tooling, and broader adoption of tokenization standards on XRPL. Observers will watch on-chain activity and secondary market interest as indicators of whether this momentum sustains.