Chris Larsen Gives $25 Million Donation in XRP to San Francisco University
Co-founder of San Francisco-based technology company Ripple, Chris Larsen, and his wife Lyna Lam have donated $25 million in XRP to a university in California.
Larsen and Lam contributed $25 million worth of XRP tokens to San Francisco State University’s (SFSU) College of Business through RippleWorks, a private foundation.
The university will direct the funds to support students studying global entrepreneurial and fintech ecosystems. According to SFSU, the donation is the largest single contribution made in cryptocurrency to a university in the United States. University President Leslie E. Wong said:
“This groundbreaking gift will position the College of Business as an evolving, distinctly diverse and industry-relevant epicenter of business innovation and entrepreneurship. 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.”