Ripple invests in BFF’s Fund II to assist Web3 and crypto startups globally
SINGAPORE, March 16, 2023 /PRNewswire/ — Ripple, a pacesetter in enterprise blockchain and crypto options introduced at this time that it has made a strategic funding into Blockchain Founders Fund (BFF), a Singapore-based early-stage Enterprise Capital Fund that focuses on top-tier Web3 startups globally. The funding is a part of Ripple’s efforts to speed up the adoption of blockchain know-how globally. The funding might be utilized by BFF to assist high-potential early-stage corporations which can be constructing the infrastructure and merchandise that can streamline the transition to a decentralized future.
Blockchain Founders Fund is backed by {industry} leaders, traders, and household workplaces, together with main monetary establishments. With over 100 portfolio corporations predominantly centered on the Web3 panorama, BFF has confirmed to be an industry-leading enterprise capital fund with the means and experience to scale startups.
Moreover, the assist from Ripple will assist BFF’s capability to put money into a variety of corporations with sturdy founders and compelling development potential, whereas persevering with to assist present portfolio corporations which can be already making its mark within the {industry} reminiscent of Splinterlands,Dogami, Krayon, Altered State Machine, Magna and LunarCrush.
Brooks Entwistle, Senior Vice President and Managing Director at Ripple commented, “It is clear that blockchain know-how can remodel industries. We wish to see startups unlock the potential of blockchain know-how, and are excited to associate with Blockchain Founders Fund to speed up startups which can be creating world-class merchandise with real-world utility for the worldwide market.”
Aly Madhavji, Managing Accomplice of Blockchain Founders Fund stated, “We’re extraordinarily grateful for the assist acquired from some of the outstanding gamers within the {industry}. We’re on the forefront of this revolution and this partnership with Ripple will additional drive the following era of entrepreneurs and broaden their companies into new markets.”
By way of its funding in BFF, Ripple is making a major transfer in direction of accelerating the adoption of blockchain know-how worldwide. By unlocking the potential of early-stage corporations within the Web3 and crypto area, this partnership between Ripple and BFF guarantees to drive innovation and assist web3 entrepreneurs who’re shaping the way forward for decentralized applied sciences.
About Ripple
Ripple is a crypto options firm that transforms how the world strikes, manages and tokenizes worth. Ripple’s enterprise options are sooner, extra clear, and cheaper – fixing inefficiencies which have lengthy outlined the established order. And along with companions and the bigger developer group, we determine use circumstances the place crypto know-how will encourage new enterprise fashions and create alternative for extra individuals. With each resolution, we’re realizing a extra sustainable world financial system and planet – rising entry to inclusive and scalable monetary programs whereas leveraging carbon-neutral blockchain know-how and a inexperienced digital asset, XRP. That is how we ship on our mission to construct crypto options for a world with out financial borders.
About Blockchain Founders Fund
Blockchain Founders Fund (BFF) is a Singapore based mostly early-stage Enterprise Capital Fund which invests in top-tier Blockchain startups globally. Their {industry} main go-to-market centered Enterprise Program aids seasoned and first-time entrepreneurs throughout key enterprise features to quick monitor development. BFF has scaled lots of the main Blockchain startups and is all the time trying to join with distinctive founders throughout the Web3 and Blockchain ecosystems.
SOURCE Blockchain Founders Fund; Ripple
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