Ripple and tokentus AG Announce Joint Efforts for XRPL Accelerator Program

Ripple Labs has recently attracted heightened attention from investors, particularly in light of the growing interest surrounding the XRP lawsuit.

Ripple and tokentus AG Announce Joint Efforts for XRPL Accelerator Program

In a recent development that signifies a notable stride for Ripple, Tokentus Investment AG, based in Frankfurt, has announced its collaboration with Ripple to support startups participating in the XRPL Accelerator Program. This collaborative initiative is geared towards nurturing and advancing projects built on the XRP Ledger (XRPL). Ripple, celebrated for its pioneering solutions in enterprise blockchain and cryptocurrencies, assumes a central role in this partnership, marking a significant milestone in the ongoing evolution of the blockchain ecosystem.

Frankfurt’s tokentus investment made a deliberate decision to join forces with Ripple, aiming to provide mentorship to startups as part of Ripple’s XRPL Accelerator Program. This program is strategically designed to cultivate and propel projects within the framework of the XRP Ledger (XRPL), under the guidance of Ripple Labs, a renowned provider of enterprise blockchain and cryptocurrency solutions. Ripple’s overarching mission is to contribute significantly to the development of an open-source, energy-efficient, and decentralized layer-1 blockchain.

Meanwhile, Ripple has allocated a substantial reserve of 1 billion XRP for developer resources, including the XRPL Grants Program. Notably, the XRPL Accelerator Program plays a pivotal role in accelerating the growth, training, mentoring, and expansion of projects within the XRPL community.

It’s worth noting that the existing accelerator program represents an extension of the original XRPL Grants program, introduced in 2021. Since its launch, this initiative has lent its support to over 100 projects, providing a total of $13 million in funding to date.