The McCombs School of Business (The University of Texas) will receive $2 million from Ripple over the next five years to fund research in blockchain technology by the school’s Blockchain Initiative. It’s not the first case of funding from Ripple, UT is one of 17 academic recipients worldwide, including MIT and Princeton. The initiative began after McCombs hosted its first Blockchain conference in the spring of 2018. Cesare Fracassi, director of the Blockchain Initiative, said, ‘We would like the initiative to be the outreach between the University and the companies that are working on blockchain technology.’