The XRPL Accelerator is proud to announce the latest Scale Program cohort. These five pioneering startups – Palisade, Propto, Alt DRX, VNX, and Zerpmon – are leveraging the XRP Ledger (XRPL) across several different use cases including real-world asset (RWA) tokenization, stablecoins, infrastructure, and gaming.
Having successfully navigated the prerequisite XRPL Accelerator - Launch Program, each team will receive valuable mentorship, hone their go-to-market (GTM) strategies, and validate their product-market fit. In addition to programmatic resources, each team will be awarded a grant to kick-start their process of raising funds from investors. The biggest ambition of the program is for the participants to scale their business to a wider audience and garner equity-bearing investments.
The culmination of the Scale Program will be a Demo Day in November 2024, held in the heart of Dubai. This exclusive event hosted by the XRPL Accelerator's partner, Dubai International Financial Centre (DIFC) Innovation Hub, will provide the perfect platform for these startups to showcase their innovative solutions to a global audience of investors, industry leaders, and potential partners.
The participating companies include:
Palisade: Palisade is a multi-chain custody platform paired with a non-custodial mobile app intended as a day-to-day wallet. Palisade provides development teams and retail users with an affordable way to store, issue and manage their digital assets.
Propto: Propto, a decentralized exchange and tokenization platform, enables commercial property owners to fractionalize and list their assets on-chain. Propto allows investors with a small amount of capital to participate in the commercial real estate market. Propto's tokenization and trading functionalities utilize the XRPL's native features to facilitate real estate token transactions.
Alt DRX: ALT.SQFT offers a unique approach to real estate investment by tokenizing square footage into tradeable digital assets called Property Tokens, which represent a proportional financial value in a specific property managed by a Special Purpose Vehicle (SPV). Investors can buy and sell these tokens on the Alt DRX Platform, allowing for dynamic market participation and liquidity in real estate investments. ALT.SQFT tokens offer the potential for income through interest payments and profit from property sales. Additionally, ALT.SQFT tokens also enable investors to engage in a transparent, efficient real estate market, receiving regular updates on valuation and the opportunity to trade at market-driven prices.
VNX: VNX Commodities is Europe's first regulated tokenization platform and stablecoin issuer. VNX Commodities is registered with the Liechtenstein FMA under the TT Token Providers and Services Act (TVTG). In 2021, VNX launched VNXAU, a multichain token backed by physical gold. Later, VNX also launched two fully backed stablecoins: VEUR and VCHF. With this project, VNX aims to expand operations to the XRP Ledger by issuing VNX tokens on the XRPL.
Zerpmon: Zerpmon engages players in the world of auto-battling combat, where strategic depth meets diverse gameplay. With 20 unique types of Zerpmon and hundreds of move combinations, players must thoughtfully curate their teams to excel in battle. Zerpmon stands out as a community-centric project, deeply rooted in fostering a vibrant, inclusive, and loyal community. Zerpmon leverages XRPL-based tokens to enrich gameplay, ownership, and rewards for players.
Top comments (2)
Congratulations to winners
Congratulations to these projects!