Ripple and Tenity Launch XRPL Accelerator in Singapore to Boost Blockchain Innovation

Ripple, a prominent player in blockchain and crypto solutions, has announced a significant partnership with Tenity, a renowned global fintech incubator. Together, they are launching the XRPL Accelerator program in Singapore, aimed at fostering blockchain innovation and talent development in the region. The program is set to commence in September 2025 and will operate twice annually, providing a structured environment for startups and corporate innovation teams to grow and innovate on the XRP Ledger (XRPL).

The XRPL Accelerator program offers up to $200,000 in non-equity grants to participating startups, ensuring that they retain full ownership of their ideas. In addition to funding, startups will receive mentorship from industry experts and access to Ripple's global network of investors and partners. This comprehensive support is designed to supercharge the development of XRPL-based projects and strengthen Singapore's position as a hub for blockchain innovation.

Singapore has already established itself as a leading destination for blockchain and fintech innovation, raising an estimated $750 million in investment in 2024. With over 300 crypto and blockchain companies, the region is poised to become a launchpad for ideas that propagate globally. The XRPL Accelerator program is expected to further solidify Singapore's status as a global blockchain innovation hub, attracting top talent and fostering a collaborative ecosystem that drives technological advancements.

Fiona Murray, the Asia-Pacific Managing Director of Ripple, believes that this new program will help build a new generation of blockchain talent. She highlights Singapore's supportive environment for digital innovation and forward-thinking mindset as ideal for this initiative. The program is expected to open significant opportunities within the XRPL, bringing real value to companies and individuals in Asia.

Government leaders in Singapore also endorse the program. Philbert Gomez, Senior Vice President and Executive Director of Digital Industry Singapore, emphasizes the importance of accelerators like the XRPL Accelerator in providing startups with the tools, expertise, and connections needed to turn new blockchain concepts into compliant solutions. This initiative is part of a broader strategy to enhance Singapore's talent pipeline in the blockchain sector, attracting top talent and creating a sustainable ecosystem for innovation.

Jonas Thurig, the Managing Partner at Tenity, describes the accelerator as more than just a startup boot camp. He views it as a launching pad for ambitious ideas that can transform finance, make real-world assets more accessible, and explore the connection between AI and blockchain. This collaboration between Ripple and Tenity leverages their unique strengths, with Tenity's expertise in accelerating startups and Ripple's deep understanding of the blockchain landscape creating a powerful synergy that will benefit the participating startups and the broader blockchain community.

In summary, the launch of the XRPL Accelerator by Ripple and Tenity is a strategic move to boost blockchain innovation and talent development in Singapore. By offering substantial funding and support, the program aims to supercharge the development of XRPL-based projects and strengthen the region's position as a global hub for blockchain technology. This initiative is expected to yield significant results, fostering a collaborative ecosystem that drives technological advancements and attracts top talent to the region.