Ripple partners with U of Toronto for XRP validator and expands Canadian engineering.

The University of Toronto has announced plans to launch an independent XRP Ledger (XRPL) validator, as part of Ripple’s University Blockchain Research Initiative (UBRI). This partnership aims to support research in blockchain and cryptocurrency technology at the university.

Additionally, the partnership will advance Ripple’s XRPL Campus Ambassador program, which strives to increase the impact of college students by helping to educate others about crypto and how to build on the XRPL. Andreas Veneris, a professor at the University of Toronto, stated that hosting an XRP Ledger validator aligns with the university’s goals of promoting education around the XRP Ledger and advancing social well-being.

The University of Toronto, which is the largest university in Canada by enrollment, joins the University of Waterloo and Toronto Metropolitan University as Canadian UBRI participants. Ripple has invested $2 million in research in Canada over the past five years, and the UBRI has supported more than 45 universities in 20 countries, according to its website.

Ripple has recently opened an engineering hub office in Toronto, which has over 30 staff members and summer interns. Ripple is also currently in a legal conflict with the United States Securities and Exchange Commission and has faced challenges with new crypto trading rules introduced by Canada in February of this year. Despite these challenges, Canadian regulators have approved several crypto exchange-traded funds in recent times. Ripple is closely associated with XRP Ledger, which is the issuer of the XRP token.