The Tokocrypto Sembrani Blockchain Accelerator initiative is set to bring Indonesian blockchain projects into the global spotlight.
Indonesia, Feb. 4, 2022 — Tokocrypto, Indonesia’s number-one trusted crypto-asset digital exchange, has partnered with Bank Rakyat Indonesia (BRI) Ventures, the country’s leading government-owned bank’s corporate venture capital firm, for an initiative known as Tokocrypto Sembrani Blockchain Accelerator (TSBA). Through its cutting-edge accelerator program, the collaboration is set to help emerging blockchain projects and startups grow with the support of technology and community networks and also allow them access to funding opportunities.
Tokocrypto’s Toko Launchpad program has successfully incubated dozens of blockchain projects and startups such as Avarik Saga, Nanovest and Play It Forward DAO. By partnering with BRI Ventures for its accelerator program, Toko Launchpad aims to help transform Indonesia into the region’s digital economy powerhouse. BRI Ventures has played a critical role in accelerating Indonesia’s economic and entrepreneurial growth and has contributed to the success of some of Indonesia’s current leading unicorns such as Bukalapak and Xendit.
“Southeast Asian enterprises today are leveraging the power of blockchain technology and are looking for ways to disrupt industries. We are launching this partnership with the goal to put Indonesia in the center of the blockchain map and give the Indonesian blockchain communities the opportunity to grow with the catalyst of collaboration,” said Pang Xue Kai, CEO of Tokocrypto.
Participants and startups will be given the necessary tools on fundraising, team culture, blockchain development, listing advisory and tokenomics to develop the skills required to make a mark in the blockchain industry.
TSBA will incubate projects and elevate them across four primary pillars: branding and marketing, investment strategies, investment landscape tactics and access to fundraising opportunities. The central nexus of TSBA that connects the four pillars of the accelerator program is the networking support of mentors from the local blockchain scene, including CEO of BRI Ventures Nicko Widjaja, co-founder of Tokocrypto Pang Xue Kai, chief operating officer of Tokocrypto Teguh Kurniawan Harmanda, chief strategy officer of Tokocrypto Lai Chung Ying, chief marketing officer of Tokocrypto Nanda Ivens and mentors from the global blockchain scene.
Nicko Widjaja, CEO of BRI Ventures, said that the collaboration between BRI Ventures and Tokocrypto was a highly strategic step to collaborate and push Indonesia to become a digital powerhouse: “We hope that this partnership will speed up many innovations coming from the Web3 and metaverse spheres in the nation. We have two venture funds that are currently growing, Sembrani Nusantara and Sembrani Kiqani, focused on funding diverse non-fintech startups.”
The program seeks to onboard eight to 10 emerging Indonesian blockchain startups onto the first cohort. Registration closes on Feb. 10, 2022, and the program will start on Feb. 21, 2022.
The accelerator program is part of Tokocrypto’s multi-dimensional TokoVerse created to bolster blockchain technology adoption in Indonesia and beyond. Together with Toko Launchpad, TokoVerse has developed Asia’s first crypto hub, T-Hub, Indonesia’s first and largest nonfungible token marketplace, TokoMall, an educational mobile app, Kriptoversity, and more. For more information about TSBA, visit the website or send an email at email@example.com.
Tokocrypto is Indonesia’s number-one most trusted crypto-assets digital exchange. It is the first entity in Indonesia registered under the Commodity Futures Trading Regulatory Agency. Established in late 2017, Tokocrypto recently joined hands with Binance, the world’s largest cryptocurrency exchange, to upgrade its platform to version 2.0 with the latest technology and security. This will allow users to create their own alternative finance in an efficient, transparent and scalable manner with industry-grade security and liquidity. Tokocrypto is also a hub for education and news on blockchain technology through close collaboration with Southeast Asian blockchain communities, universities, the public and the Indonesian government.
About BRI Ventures
BRI Ventures is the corporate venture capital of BRI, which is Indonesia’s leading government-owned bank founded in 1895. Backed by BRI’s network and experience in the financial sector, BRI Ventures aims to support entrepreneurs in accelerating Indonesia’s economic growth. To date, BRI Ventures has made many notable investments in startups that have grown to become Indonesia’s leading unicorns, such as Xendit and Bukalapak.
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