Ripple co-founder makes $25 million XRP donation to San Francisco University

Ripple co-founder Chris Larsen has made the largest ever donation to a university in the form of a cryptocurrency

Ripple co-founder Chris Larsen has sent a joint donation of $25 million in XRP tokens to San Francisco State University (SFSU).

The university announced that the donation received last Friday was the “largest gift ever made in a digital asset to a university”.

Larsen sent the joint donation alongside non-profit foundation Rippleworks and his wife, Lyna Lam.

“This groundbreaking gift will position the College of Business as an evolving, distinctly diverse, and industry-relevant epicenter of business innovation and entrepreneurship,” said Leslie E. Wong, president of SFSU.

“Chris, Lyna, and Rippleworks are innovators, and their gift will inspire our students to creatively and strategically approach the business and tech landscapes to become the next generation of entrepreneurs and global business leaders.”

Ripple has continued to build extensive relationships with several universities over the past few months. In January, it was confirmed that the company had partnered with top Chinese University The Institute for Fintech Research at Tshinghua University (THUIFR).

In February, it was then announced that Ripple had partnered with 11 top universities for a “blockchain research program”, with Cornell University in New York State, Georgetown University, and the National University of Singapore all being included.

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Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.

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