, in a new partnership with Ripple as it seeks to support the next generation of the crypto industry.
The move is part of Ripple's University Blockchain Research Initiative in Canada, under which the firm has already invested more than $2 million in the country's top universities and colleges over five years, according to a press release. "This newest UBRI partnership helps to grow a program that is already supporting important blockchain and crypto technology research in Canada while providing students with opportunities to acquire technical skills for a crypto-native career," the statement said.
The University of Toronto joins current Canadian UBRI partners, University of Waterloo and Toronto Metropolitan University, Ripple said in the statement.to the effort and partnering with 17 universities from across the world at the time. Since then, it has distributed more than $47 million to its global university partners and increased its commitment to $80 million this year, according to a spokesperson.
The initiative comes at a time when U.S. is cracking down on the crypto industry, driving some companies to other regions. Coinbase, which was a