Ripple, a leader in enterprise blockchain and crypto solutions, has announced a strategic investment in the Blockchain Founders Fund (BFF), an early-stage venture capital fund based in Singapore. BFF focuses on top-tier Web3 startups globally, and Ripple’s investment is part of its efforts to accelerate the adoption of blockchain technology worldwide.
The funding provided by Ripple will enable BFF to support high-potential early-stage companies that are building the infrastructure and products that will streamline the transition to a decentralized future. With over 100 portfolio companies predominantly focused on the Web3 landscape, BFF has proven to be an industry-leading venture capital fund with the means and expertise to scale startups.
Brooks Entwistle, Senior Vice President, and Managing Director at Ripple, expressed his excitement for the partnership, saying, “It’s clear that blockchain technology can transform industries. We want to see startups unlock the potential of blockchain technology, and are excited to partner with Blockchain Founders Fund to accelerate startups that are creating world-class products with real-world utility for the global market.”
Through this investment, Ripple is taking a significant step towards accelerating the adoption of blockchain technology worldwide. By unlocking the potential of early-stage companies in the Web3 and crypto space, this partnership between Ripple and BFF promises to drive innovation and support web3 entrepreneurs who are shaping the future of decentralized technologies.
Ripple’s business solutions are faster, more transparent, and more cost-effective than traditional methods, solving inefficiencies that have long been the norm. With every solution, Ripple is contributing to a more sustainable global economy and planet by increasing access to inclusive and scalable financial systems while leveraging carbon-neutral blockchain technology and a green digital asset, XRP. This is how Ripple delivers on its mission to build crypto solutions for a world without economic borders.
Blockchain Founders Fund, on the other hand, is an early-stage venture capital fund that invests in top-tier Blockchain startups globally. Its industry-leading venture program focuses on go-to-market strategies and supports seasoned and first-time entrepreneurs across key business functions to fast track growth. BFF has scaled many of the leading Blockchain startups and is always looking to connect with exceptional founders across the Web3 and Blockchain ecosystems.
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