Ripple Labs Inc. has partnered with Tokentus Investment AG, a Frankfurt-based investment company specializing in the blockchain sector, to advance the growth and adoption of the XRP Ledger (XRPL). This collaboration is part of Ripple’s XRPL Accelerator Program, which aims to support emerging start-ups by providing mentorship and guidance. Tokentus, listed on the Munich stock exchange, will serve as a partner and mentor for the program.In addition to this partnership, Ripple has committed 1 billion XRP to support developer resources through the XRPL Grants Program. The accelerator program is designed to expedite and expand projects within the XRPL community. To be eligible for the program, founders must showcase a Minimum Viable Product (MVP) with significant market potential, have a tech-focused founding team, and address a prominent market pain point.Tokentus Investment AG primarily focuses on the blockchain market and facilitates investments in blockchain-related financial assets, equity, tokens, venture capital funds, and Special Purpose Vehicles (SPVs). The company has shown a keen interest in Ripple, including a $100,000 investment earlier this year through an SPV. Tokentus’s increasing interest in Ripple extends to XRP and other Ripple-affiliated ventures, with recent investments in XRP coins and Polysign, an institutional custody provider with ties to Ripple.The partnership with Ripple on the XRPL Accelerator Program is seen as a significant step in growing the XRPL ecosystem. Tokentus believes that the technology has high importance and value in the blockchain and crypto markets. The collaboration provides Tokentus with early access to promising targets and strong co-investors, positioning them advantageously as a venture capitalist for blockchain companies.Overall, this partnership and Ripple’s commitment to supporting the XRPL community demonstrate their dedication to advancing the growth and adoption of the XRP Ledger.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Europe |
| Countries | 🇩🇪 |
| Sentiment | positive |
| Relevance Score | 1 |
| People | Oliver Michel, Benedikt Schulz |
| Companies | XRPL Grants Program, Munich stock exchange, Ripple Labs Inc., Special Purpose Vehicle (SPV), Polysign, Tokentus Investment AG, XRPL Accelerator Program |
| Currencies | XRP |
| Securities | None |
