Ripple, in partnership with startup incubator Tenity, has announced the launch of the XRPL Accelerator in Singapore, providing grants to support startups building on the XRP Ledger.
Grant Support and Accelerator Benefits
Startups joining the accelerator will receive financial backing of up to $200,000, as well as mentorship, access to Ripple's technical resources, and connections to a network of investors and potential customers. The program is designed to help early teams refine their product-market fit, improve technical integration, and prepare for subsequent funding rounds.
Focused on Real-World Use Cases
The accelerator prioritizes startups developing real-world XRPL use cases, such as payments, remittances, tokenization, DeFi, and NFT applications. By targeting practical solutions, the initiative seeks to drive meaningful adoption of XRPL across industries while supporting regional economic growth and digital innovation in the Asia Pacific.
Conclusion
The launch of XRPL Accelerator in Singapore marks a significant step for Ripple and Tenity in supporting startups on the XRP Ledger. The program aims to foster innovation and real-world use of technologies, which could greatly impact the region’s economy.
The XRPL Accelerator represents a significant step in supporting startups in the Asia Pacific region, helping them to develop their products and drive innovation.
