Tenity, the global innovation ecosystem and early-stage investor creating the future of finance, is deepening its focus on decentralized finance (DeFi) through its Incubation Fund II, supporting new innovative projects building blockchain-based solutions on the XRP Ledger (XRPL) welcoming Ripple as its new global strategic partner and Limited Partner in the Tenity Inc. Fund II. Backed by investments from UBS, SIX Group, Julius Baer, Generali’s House of InsurTech Switzerland, and now Ripple as a strategic partner, Tenity is empowering startups to create impactful solutions in blockchain and financial technology.
The XRP Ledger (XRPL) is a decentralized, energy-efficient blockchain with native capabilities including a decentralized exchange (DEX), tokenization support, escrow, and more. With over a decade of proven reliability, scalability, and zero security breaches, the XRPL has powered financial use cases including global payments, digital asset custody, real-world asset tokenization, and institutional DeFi.
“We believe decentralized finance is reshaping the future of financial services by offering more accessible, efficient, and innovative solutions,” said Andreas Iten. “By empowering startups to drive this transformation, we aim to accelerate the development of technologies that can solve real-world challenges and redefine the way financial systems operate globally.”
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Since April 2023, Tenity has led accelerator programs alongside its partner Ripple, specifically targeting startups building scalable solutions on the XRP Ledger. These efforts have supported 29 startups globally, with over 200 applications received, helping early-stage companies develop groundbreaking use cases in DeFi, real-world asset (RWA) tokenization, and payments. Ripple’s commitment to fostering financial innovation through support for early-stage startups and collaboration with emerging fintech ecosystems is closely aligned with Tenity’s dedication to innovation and growth.
The Tenity Inc Fund II invests in the broader fintech & insurtech space at pre-seed and seed stage through its accelerator programs in Zurich, Singapore, and Tallinn. The fund targets to be the first institutional investor in a startup, supplying the team with funding, hands-on support and network. For its LPs, the fund delivers both strategic and financial return on investment. Tenity is building a large portfolio with broad market coverage, covering all subsegments of fintech and insurtech. It poses a unique opportunity for investors to participate in early-stage innovations with high potential impact for the financial industry.
By expanding support for projects on the XRP Ledger, Tenity reinforces its position as a leading hub for DeFi innovation, enabling early-stage companies to scale their solutions and transform the future of finance.
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Source – www.tenity.com
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