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