Swiss fintech incubator Tenity is expanding its focus on decentralized finance through a seed fund supporting promising startups that are building blockchain-based services on Ripple’s XRP ledger.
Editorial
This content was selected, created and edited by the Finextra editorial team based on its relevance and interest to our community.
Tenity Inc Fund II invests in the broader fintech and insurance space, at pre-seed and seed stage through its accelerator programs in Zurich, Singapore and Tallinn. The fund aims to be the first institutional investor in a startup, providing the team with funding, practical support and a network.
Supported by initial investments from UBS, SIX Group, Julius Baer and Generali’s House of InsurTech Switzerland, the fund now welcomes Ripple as a strategic partner and sponsor, formalizing an 18-month collaboration that has supported 29 XRP startups around the world.
“We believe decentralized finance is reshaping the future of financial services by providing more accessible, efficient and innovative solutions,” says Andreas Iten, CEO and co-founder of Tenity. “By empowering startups to drive this transformation, we aim to accelerate the development of technologies that can solve real-world challenges and redefine how financial systems work on a global scale. »
