Three Crypto Startups Accepted onto Singapore’s FinTech Accelerator

Yessi Bello Perez
May 18, 2015 at 11:37 UTC
newsInBrief

Three crypto startups have been selected to join Startupbootcamp (SBC), Singapore’s FinTech accelerator program.

Decentralised peer-to-peer marketplace DeBuNe; blockchain equity issuer Otonomos; and bitcoin wallet provider Cryptosigma will join seven other startups in the three-month programme.

SBC 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 blockchain news, 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.