Tenity, a global innovation ecosystem and early-stage fintech investor, is expanding its focus on decentralized finance (DeFi) through Incubation Fund II.
The fund will provide support to XRP Ledger (XRPL)-based startups across Asia and Europe.
With support from institutions such as UBS, SIX Group, Julius Baer, Generali’s House of InsurTech Switzerland, and Ripple, which is also a strategic and limited partner, the fund aims to accelerate the development of blockchain-based financial solutions. Masu.
tenity highlights the speed, energy efficiency, and security of the XRP Ledger as key factors in its adoption.
The platform has operated reliably for over 10 years with no reported security breaches and offers features such as a decentralized exchange (DEX), tokenization support, and escrow functionality.
This partnership builds on Tenity’s work with Ripple, which has supported 29 startups across over 200 applications since 2023.
These accelerator programs focus on developing DeFi solutions, real-world asset tokenization, and payments innovation.
Through its Incubation Fund II, Tenity invests in pre-seed and seed-stage fintechs and insurtechs through accelerator programs in Zurich, Singapore, and Tallinn.
The fund provides early-stage funding, as well as mentorship and access to networks. We aim to deliver value to both our portfolio companies and limited partners.
Tenity is working to build a diversified portfolio targeting the fintech and insurtech sub-segments to support new innovations in the financial industry.
“We believe decentralized finance will reshape the future of financial services by providing more accessible, efficient and innovative solutions.
By helping startups drive this transformation, we aim to accelerate the development of technology that can solve real-world challenges and redefine the way financial systems operate globally. ”
Andreas Iten, CEO and co-founder of Tenity, said:
Featured image credit: Edited from freepic
