Ripple has made another notable initiative in the blockchain industry by partnering with Tenity Global, a fintech incubator, to launch an XRP Accelerator Program in Singapore. The scheme, targeting early-stage startups in the Asia-Pacific region, would offer up to $200,000 in funding. According to XRPL Grants, XRPL Accelerator is a 12‑week program to support entrepreneurs building on the XRP Ledger. This scheme, particularly made for developers and startup companies in the Asia Pacific region, will focus on Real World Asset (RWA) tokenization, AI-powered blockchain applications, and institutional Decentralized Finance (DeFi).
Ripple is already making headlines in the crypto world, unfolding positive development. The firm behind XRP and RLUSD stablecoin has recently applied banking license in the US to strengthen stablecoin operations and gain more regulatory clarity.
Crypto companies expanding in the APAC region
Binance has already introduced the Binance Accelerator Fund and Incubation Program in Vietnam, Singapore, and Indonesia. The crypto firm also has offices and labs in Singapore, the Philippines, Thailand, and Australia. Moreover, Solana Foundation has offered its programs, such as Solana Hacker Houses and bootcamps in India, Singapore, Indonesia, and Vietnam.
Is APAC a crypto-friendly region?
The Asia-Pacific region has reportedly been welcoming tech-savvy users and blockchain companies with a strong crypto-friendly approach. Jurisdictions like Hong Kong, South Korea, Singapore, and Thailand are some of the regions that actively support Web3 developments through clear regulatory frameworks and licensed crypto exchanges.
