The National FinTech Center at Morgan State University Tuesday received a three-year, $1.05 million grant from Ripple, an enterprise blockchain and crypto company, for the continued support of the center and its advancement of blockchain and financial technology research, education and programming.
This latest round of funding builds upon Ripple’s initial investment in Morgan’s FinTech Center, first announced in 2019. The partnership between Morgan and Ripple’s University Blockchain Research Initiative (UBRI) has played a pivotal role in furthering the application and understanding of blockchain, cryptocurrency, cybersecurity, and other FinTech areas within the university and the extended network of historically Black colleges or universities collaborating with the center.
The collaboration will ensure the continuation of the National FinTech Center at Morgan State University, focusing on using cutting-edge technologies such as blockchain and cryptocurrency to revolutionize finance and technology sectors. The multi-year grant from Ripple will bolster research, education, faculty and student technical projects, ecosystem development and operational support.
Additionally, it will support faculty research that bridges blockchain technology with critical fields such as data analytics, artificial intelligence, and machine learning. Through the partnership, Morgan will also be able to foster a range of educational workshops, facilitate student-led initiatives within blockchain clubs, support a FinTech solution incubator and host national conferences to elevate the collective understanding of the financial sector’s evolution.