Blockchain startup Ripple has announced that it has invested $25 million in XRP to Blockchain Capital, a venture capital firm focused exclusively on blockchain and crypto ecosystem.

Last month, Blockchain Capital raised $150 million in its fourth fundraising round, CoinDesk reported. The funding came in two parts: $125 million for the Blockchain Capital IV LP fund and $25 million worth of cryptocurrency for Blockchain Capital Parallel Fund IV. While further details were not revealed at that time, Ripple’s announcement clarifies that the $25 million investment to Parallel Fund IV was in XRP cryptocurrency.

“Whether it’s using XRP, bitcoin or just the underlying blockchain technology, our goal is to find the best projects and give them the resources to be successful companies that deliver value to customers for the long term,” Bart Stephens, co-founder and managing partner of Blockchain Capital.

The investment will be used to support entrepreneurial teams that are building businesses using blockchain technology. It will also be used for exploring new use cases for the XRP Ledger and Interledger Protocol.

“Blockchain Capital is the premiere fund for any project looking to get off the ground in the blockchain space. They have a proven track record for finding and funding the projects that matter,” said Patrick Griffin, SVP of Strategic Growth at Ripple. “This is the first fund that we’ve contributed to, and it won’t be the last. We plan to be major players in shaping the future generation of blockchain or crypto companies.”

Ripple further said that while its primary focus has been on eliminating friction from cross-border payments, the latest investment Blockchain Capital’s fund provides an opportunity to support and develop additional use cases beyond payments.