Ripple and UC Berkeley have launched the University Digital Asset Xcelerator (UDAX) to support startups utilizing the XRP Ledger (XRPL). The initiative, which graduated its first cohort of nine startups in San Francisco on January 16, 2026, aims to enhance institutional use of XRPL and expand its market presence. Key figures such as Chris Larsen and David Schwartz participated in the program, highlighting Ripple's commitment to fostering blockchain innovation. Startups like BlockBima are exploring new stablecoin opportunities for remittance, indicating a focus on institutional partnerships. While no specific financial details were disclosed, participants reported increased product maturity and fundraising confidence. The UDAX initiative is expected to drive broader adoption of XRPL in institutional markets, potentially influencing the future of financial and technological sectors. By nurturing startups, Ripple aims to enhance the blockchain ecosystem, encouraging further adoption and innovation.