Tenity, a global innovation ecosystem and early-stage fintech investor, is expanding its focus on decentralised finance (DeFi) through its Incubation Fund II.
The fund will provide support to startups building on the XRP Ledger (XRPL) across Asia and Europe.
Backed by institutions such as UBS, SIX Group, Julius Baer, Generali’s House of InsurTech Switzerland, and Ripple, which is also a strategic partner and Limited Partner, the fund seeks to foster the development of blockchain-based financial solutions.
Tenity has highlighted the XRP Ledger’s speed, energy efficiency, and security as key factors for its adoption.
The platform has operated reliably for over a decade without any reported security breaches and offers capabilities such as a decentralised exchange (DEX), tokenisation support, and escrow functionality.
The partnership builds on Tenity’s work with Ripple since 2023, which has supported 29 startups chosen from more than 200 applications.
These accelerator programmes have focused on developing DeFi solutions, real-world asset tokenisation, and payment innovations.
Through its Incubation Fund II, Tenity invests in fintech and insurtech at the pre-seed and seed stage via accelerator programmes in Zurich, Singapore, and Tallinn.
The fund provides early-stage funding alongside mentorship and access to its network. It aims to deliver value for both its portfolio companies and limited partners.
Tenity is working to build a diverse portfolio, targeting subsegments across fintech and insurtech to support emerging innovations in the financial industry.
“We believe decentralised finance is reshaping the future of financial services by offering more accessible, efficient, and innovative solutions.
By empowering startups to drive this transformation, we aim to accelerate the development of technologies that can solve real-world challenges and redefine the way financial systems operate globally.”
said Andreas Iten, CEO and Co-Founder at Tenity.
Featured image credit: Edited from Freepik
