Tokentus Investing announced its plan to collaborate with Ripple’s XRPL Accelerator Program in order to teach startups.
The initiative aims to expand and develop projects on the XRP Ledger (XRPL) under the aegis of Ripple Labs, a reputable supplier of corporate blockchain and cryptocurrency solutions.
This company’s function is to make a significant contribution to layer-1 blockchain, which is open-source, energy-efficient, and decentralized. The XRPL Grants Program is among the developer resources that Ripple has allocated 1 billion XRP.
A notable benefit of the XRPL Accelerator Program is that it will help the organization speed up, mentor, train, and expand initiatives within the XRPL community.
Since its introduction, the current accelerator program has supported more than 100 projects and $13 million in funding, and it is an expansion of the initial XRPL Grants program, launched in 2021.
It’s important to note that Tokentus Investment AG has also made prior investments in financial assets, equity and token investments, venture capital funds focusing on blockchain technology, and SPV structures.
How Does This Partnership Affect the Growth of XRPL?
The XRPL Accelerator Program cooperation with Ripple will be the next step in assisting with the expansion of the XRPL ecosystem, according to Oliver Michel, Chief Executive Officer (CEO) of Tokentus Investment AG.
Oliver, who believes that technology is extremely important and valuable in the blockchain and cryptocurrency markets, asserted that strong co-investors and direct access to exciting targets are essential to the success of Tokentus, which has been specifically invited by businesses to mentor their program and assist other startups in growing.
Tokentus purchases shares of firms with a business plan directly connected to blockchain technology, SPV structures, and foreign financial investments, with the assistance of a constantly expanding network of co-investors.
Apart from Tokentus investment AG, the agreement will benefit Ripple since its XRP is the sole token with non-securities status in the US. In addition to Bitcoin (BTC), no other cryptocurrency, including Ethereum (ETH), has received official legal recognition as a non-security.
