Tenity Launches XRPL Accelerator in Singapore for Early-Stage Blockchain, Crypto Startups
by Fintech News Singapore May 9, 2023Tenity, a fintech accelerator formerly known as F10, announced that it has become the first programme partner of the XRP Ledger (XRPL) Accelerator in Asia Pacific with the launch of a Singapore-based cohort.
The XRPL Accelerator in Singapore run by Tenity and supported by Ripple, an enterprise blockchain and crypto solutions provider.
This will be the second cohort of this new initiative to support blockchain and crypto tech founders globally, with the first cohort starting in June 2023 in New York.
The 12-week hybrid programme will run primarily virtually, with on-site components, such as the Demo Day in early November.
The programme is broken into two main phases.
Tenity said that ideal candidates will have a minimum viable product, business model strategy, and preferably a live product on the XRPL in place, though the latter requirement is not mandatory to apply.
Startups making it into this programme will receive a US$50,000 programme grant (no equity taken), gain valuable insights from industry-leading mentors, refine their product-market fit, and connect with potential investors and partners.
The programme will kick-off in August 2023 and conclude with a Demo Day event in November 2023 along with the opportunity to attend the Singapore Fintech Festival this year.
Applications are now open for the XRPL Accelerator in Singapore here.
Jonas Thuerig
Jonas Thuerig, Head of Asia and Managing Partner at Tenity said,
“Running the programme out of Singapore provides a vibrant ecosystem of potential customers, partners, investors and mentors who will be introduced during this accelerator programme.
The global presence of the XRPL community will then ensure that the initial use cases developed during the programme can be scaled across the globe.”
