Girin Labs, a South Korean Web3 startup studio, announced that it has received funding from the recently established XRP Ledger (XRPL) Japan and Korea Fund, which is backed by Ripple. It is reported that this is also the first funding support from the XRPL Japan and Korea Fund. It is reported that Girin Labs will use the funds to accelerate the development of Girin Wallet, a wallet focused on XRPL, and the Lotus protocol for DeFi services.