Tenity's vision is to accelerate the future of finance by bringing together ambitious founders with leading companies, investors, and mentors. The Tenity Inc Fund II invests in the broader fintech & insurtech space at pre-seed and seed stage through its accelerator programs in Zurich, Singapore, and Tallinn. The fund targets to be the first institutional investor in a startup, supplying the team with funding, hands-on support and network.
The fund held its second closing in November 2024 with new LPs, including Ripple, joining existing partner UBS, SIX Group, Julius Baer and Generali’s House of InsurTech Switzerland. Tenity plans to onboard further new LPs and to close the fund in 2025.
With Ripple as its new global strategic partner and Limited Partner in the Tenity Inc. Fund II, Tenity is deepening its focus on decentralized finance (DeFi). The Tenity Fund will support new innovative projects building blockchain-based solutions on the XRP Ledger (XRPL).
The XRP Ledger (XRPL) is a decentralized, energy-efficient blockchain with native capabilities including a decentralized exchange (DEX), tokenization support, escrow, and more. With over a decade of proven reliability, scalability, and zero security breaches, the XRPL has powered financial use cases including global payments, digital asset custody, real-world asset tokenization, and institutional DeFi.
Since April 2023, Tenity has led accelerator programs alongside its partner Ripple, specifically targeting startups building scalable solutions on the XRP Ledger. These efforts have supported 29 startups globally, with over 200 applications received, helping early-stage companies develop groundbreaking use cases in DeFi, real-world asset (RWA) tokenization, and payments. Ripple’s commitment to fostering financial innovation through support for early-stage startups and collaboration with emerging fintech ecosystems is closely aligned with Tenity’s dedication to innovation and growth.
“We believe decentralized finance is reshaping the future of financial services by offering more accessible, efficient, and innovative solutions,” said Andreas Iten, CEO and Co-Founder at Tenity. “By empowering startups to drive this transformation, we aim to accelerate the development of technologies that can solve real-world challenges and redefine the way financial systems operate globally.”