Three crypto startups have been selected to join Startupbootcamp (SBC), Singapore's FinTech accelerator program.
will give each of the participating startups approximately $18,000 in funding, free office space, mentorship and access to a network of angel investors and global venture capitalists such as DBS Bank, Mastercard and Route 66 Ventures in return for 8% in equity.
The Southeast Asian state, a global financial hub, is seemingly embracing digital currency startups.
In January, Singapore's government sponsored CoinPip, a bitcoin startup, to represent the country at the annual South by Southwest (SXSW) cultural and conference festival which takes place in the US in March.
Singapore image via Shutterstock.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.