Ripple Partners with tokentus for XRPL Accelerator Program

In recent days, Ripple Labs has been on the radar of investors, particularly due to the expanding interest in the XRP lawsuit.

In a recent development for Ripple, tokentus Investment AG of Frankfurt announced that it will collaborate with Ripple to support businesses in its XRPL Accelerator Program.

This initiative seeks to foster and develop XRP Ledger (XRPL) projects. Ripple, renowned for its enterprise blockchain and cryptocurrency solutions, will play a pivotal role in this partnership, which represents a major step in the expansion of the blockchain ecosystem.

The Frankfurt-based token investment firm announced its decision to partner with Ripple’s XRPL Accelerator Program to mentor start-ups. Benefits of the XRPL Accelerator Program for Startups.

The program aims to expand and develop projects on the XRP Ledger (XRPL) under Ripple Labs, a well-known provider of enterprise blockchain and cryptocurrency solutions.

This company’s mission is to contribute significantly to an open-source, energy-efficient, and decentralized layer-1 blockchain. In the meantime, Ripple has allocated one billion XRP to developer resources, such as the XRPL Grants Program.

Notably, the XRPL Accelerator Program will aid XRPL in accelerating, training, mentoring, and expanding community initiatives.

The current accelerator program is an expansion of the original XRPL Grants program, which was announced in 2021. Since its inception, more than 100 initiatives have received $13 million in funding.

Notably, tokentus Investment AG has invested in financial assets, equity and token investments, blockchain-focused venture capital funds, and SPV structures in the past.

Oliver Michel, chief executive officer (CEO) of Tokentus Investment AG, expressed confidence in this partnership with Ripple Lab, stating that the partnership with Ripple on the XRPL Accelerator Program will be the next step in assisting in expanding the XRPL ecosystem.

Oliver, who believes that technology holds significant significance and value in the blockchain and crypto markets, stated that direct access to interesting targets along with strong co-investors is an absolute success factor for tokentus, which has been specially invited by companies to mentor their programs, thereby assisting the growth of other startups.

Tokentus acquires international financial investments and shares of companies with a business model directly associated with blockchain technology and SPV structures with the aid of a network of co-investors that is continuously expanding.

In addition to tokentus investment AG, the partnership will benefit Ripple, whose XRP token is the only token with legal status in the United States.

In addition to Bitcoin (BTC), neither Ethereum (ETH) nor any other cryptocurrency have been recognized as non-securities on an official or legal level.