Ripple is taking significant steps to diversify funding for the XRP Ledger blockchain through a newly announced FinTech Builder Programme. This initiative aims to create a more robust ecosystem by encouraging independent organizations, venture partners, and community-led initiatives to support developers, rather than relying solely on Ripple’s funding.
In a recent blog post, Ripple emphasized its commitment to transitioning funding mechanisms as the ecosystem matures. “The focus is shifting toward expanding access to funding through more distributed and independent pathways so builders have multiple avenues to scale,” the company stated. Historically, Ripple has been the primary supporter of XRP Ledger funding; however, the firm now seeks to foster a healthier environment where developers can explore numerous funding channels.
This shift in strategy comes amid efforts by Ripple to reduce perceptions of its dominance over the XRP Ledger. Despite being separate entities, Ripple and the XRP Ledger have shared a lengthy history since the launch of the Ledger in 2012, with many of its founders later joining Ripple. As the largest holder of XRP—reportedly holding $57 billion worth as of March 2025—Ripple’s influence has often raised concerns about centralization.
To facilitate this new model, Ripple plans to set up several funding routes. One key component is the FinTech Builder Programme, which aims to aid startups focused on financial applications built on the XRP Ledger. This includes areas such as stablecoin payments, credit infrastructure, tokenization, and regulated financial services.
Furthermore, the establishment of the XAO DAO—a decentralized autonomous organization—was recently introduced to empower community voices and stimulate innovation through microgrant funding. Ripple also intends to collaborate with existing partners like XRPL Commons, XRP Asia, and various university partnerships, alongside venture capital firms such as Dragonfly Capital and Pantera, to support development efforts.
Despite the presence of the $84 billion XRP token, the XRP Ledger has encountered challenges in expanding its DeFi ecosystem. Notably, deposits in XRP Ledger protocols have plummeted from a peak of $120 million in July to just $49 million. This decline in deposits coincides with the resignation of Ripple’s chief technical officer, David Schwartz, who played a pivotal role in advancing DeFi updates on the Ledger.
However, there are potential positive developments on the horizon. Ripple has plans to introduce XRP staking, a feature expected to enhance the DeFi landscape. Additionally, the firm is working on establishing a lending market on the XRP Ledger, which could provide a platform for financial institutions to source funds from retail investors. This initiative is currently under consideration, requiring an 80% supermajority approval from XRP Ledger validators to proceed.
As Ripple navigates these changes, the company aims to ensure that the ecosystem continues to thrive through diverse funding avenues, ultimately paving the way for a more decentralized and dynamic future for the XRP Ledger.
