KEY TAKEAWAYS
- Ripple partners with Tenity to launch an accelerator program for entrepreneurs building on the XRP Ledger, enhancing Singapore’s blockchain ecosystem.
- The XRPL Accelerator, starting in September 2025, will support startups with funding, mentorship, and access to Ripple’s global network.
- Singapore’s blockchain sector attracted nearly USD 750 million in 2024, solidifying its status as a leading hub for digital asset innovation.
- The program focuses on real-world asset tokenization, institutional DeFi, and the integration of AI and blockchain technologies.
Ripple, a prominent player in enterprise blockchain and crypto solutions, has partnered with global fintech incubator Tenity to introduce a new accelerator program aimed at supporting entrepreneurs building on the XRP Ledger (XRPL). This initiative, announced here, is set to enhance Singapore’s status as a blockchain hub and expand its local talent pool.
Singapore has rapidly emerged as a leading center for digital asset and blockchain innovation. In 2024, the country’s blockchain sector attracted nearly USD 750 million in investments, accounting for approximately 60% of total fintech funding within Singapore. The nation is home to over 300 crypto and blockchain companies, making it a launchpad for global blockchain ventures and innovation.
XRPL Accelerator to Commence in September 2025
The XRPL Accelerator, starting in September 2025, will operate twice annually. It aims to support startups and corporate innovation teams, including those based in Singapore, in developing next-generation blockchain solutions. The 12-week program will focus on real-world asset tokenization, institutional decentralized finance (DeFi), and the intersection of artificial intelligence (AI) and blockchain.
Participants will receive up to USD 200,000 in non-equity funding, mentorship from industry experts, and access to Ripple’s global network of investors and partners. Fiona Murray, Managing Director of APAC at Ripple, highlighted Singapore’s role as a leader in digital innovation, stating that the accelerator will help cultivate new talent and unlock scalable use cases on the XRPL.
Supporting Blockchain Innovation in Asia-Pacific
Philbert Gomez, Senior Vice President and Executive Director at Digital Industry Singapore, emphasized the country’s commitment to fostering an environment for responsible innovation. He noted that accelerator programs like this provide startups with the necessary tools, networks, and expertise to develop real-world blockchain solutions that adhere to regulatory standards.
Jonas Thurig, Managing Partner at Tenity, described the partnership with Ripple as a longstanding effort to drive blockchain innovation. He stated that the XRPL Accelerator will support visionary founders who are reimagining financial systems and pushing the boundaries of AI and blockchain.
The hybrid program will include virtual workshops and two on-site immersion weeks in Singapore, culminating in a Demo Day where startups pitch to investors and ecosystem partners. Applications are now open to startups and corporate teams with a clear market fit and the ambition to build high-impact ventures on the XRP Ledger.
Why This Matters: Impact, Industry Trends & Expert Insights
Ripple’s partnership with Tenity to launch a blockchain accelerator in Singapore underscores the strategic focus on fostering innovation on the XRP Ledger. This initiative aims to support startups in the development of advanced blockchain solutions, enhancing Singapore’s position as a global blockchain hub.
Recent industry reports indicate that Singapore continues to lead in blockchain innovation, with a focus on creating a balanced legal and regulatory environment. The Monetary Authority of Singapore’s regulatory framework supports this growth, ensuring clarity and encouraging innovation. This aligns with the launch of the XRPL Accelerator, which aims to leverage Singapore’s robust blockchain ecosystem to drive further advancements in digital asset technology.
David Schwartz, Ripple’s Chief Technology Officer, projects substantial institutional adoption of XRPL in the next 3–5 years, emphasizing the foundational shift towards blockchain integration in global finance. This supports the accelerator’s goal of fostering scalable use cases on the XRPL, reinforcing the potential for significant institutional engagement and innovation.
Explore More News:
Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
