Tenity, a fintech accelerator formerly known as F10, has launched the XRP Ledger (XRPL) in the Asia Pacific region. The 12-week XRPL Accelerator program is set to begin in August 2023 and will be based in Singapore. Participants will receive mentorship and guidance from experienced professionals and will have the opportunity to participate in the Singapore FinTech Festival.
The XRPL Accelerator program is designed to assist early-stage startups in building innovative products and use cases for blockchain and crypto technology on the XRPL. Tenity aims to support visionary entrepreneurs in the region and contribute to the growth of emerging technologies and groundbreaking startups.
Jonas Thuerig, Tenity Head of Asia and Managing Partner, expressed excitement about the firm’s partnership with the XRP Ledger ecosystem in Asia Pacific. He remarked that the region is poised for growth in Web 3.0 adoption, and Tenity is thrilled to be a part of it. He emphasized the benefits of running the accelerator program in Singapore, including access to potential customers, partners, investors, and mentors.
The XRPL Accelerator program is the first of its kind in the Asia Pacific region and will launch in August 2023, concluding with a Demo Day event in November 2023. Successful participants will have the opportunity to attend the Singapore FinTech Festival. The program will provide early-stage startups with a $50,000 program grant, top-notch mentorship, and the chance to connect with potential investors and partners.
This will mark the second unit of the XRPL Accelerator program, continuing its mission to advance blockchain and crypto tech globally. The first cohort will begin in June 2023 in New York, with a hybrid approach combining virtual and in-person components, including a Demo Day event in early November. The program is supported by Ripple, a leading enterprise blockchain and crypto solutions provider, and aims to drive innovation in the industry.
The XRPL Accelerator program is seeking ambitious entrepreneurs and developers from the Asia Pacific region using the XRPL in their product development. The program is interested in products with commercial potential and a clear market need. Participants are expected to have a minimum viable product, a business model strategy, and, ideally, a live product on the XRPL.
Accepted startups will receive a $50,000 grant without giving up equity in their startup. They will have access to industry-leading mentors who can offer valuable insights and guidance to help them refine their product-market fit and connect with potential investors and partners. The program will cover a wide range of topics relevant to building and scaling blockchain and crypto technology products and use cases on the XRPL.
The Tenity XRPL Accelerator program offers a unique opportunity for early-stage startups to develop their products and use cases on the XRPL with the guidance of experienced professionals. Its virtual and on-site components provide startups with the flexibility to refine their product-market fit and establish connections with potential investors and partners.