Subscribe to our newsletter
Get the latest news and views from our global community of experts, mentors, and founders.
Tenity, a global innovation ecosystem and early-stage investor, in collaboration with the IOTA Ecosystem DLT Foundation, proudly announces the six projects chosen for the IOTA Tenity RWA Accelerator Program. These projects will deploy on IOTA EVM, the fully Ethereum Virtual Machine-compatible Layer 2 solution for the IOTA distributed ledger technology network. By leveraging IOTA EVM, the projects will drive Real World Asset (RWA) tokenization, digital product passports, and digital identity solutions.
The selection follows a highly rigorous selection process and deliberation. During the Accelerator, Tenity and IOTA Ecosystem DLT Foundation will provide the startups with the opportunity to interact with the IOTA Ecosystem DLT Foundation team, various industry experts, and other invaluable connections. In addition, they will be provided with non-equity-bearing grant funding and numerous masterclasses on topics to help the cohort identify and strengthen their business propositions.
Qiro is an on-chain private credit marketplace connecting fintech asset originators with on-chain investors for fixed yield opportunities. It serves on-chain investors on the supply side and fintech asset originators on the demand side, offering global, cost-effective financing for asset originators and high yields for investors through robust credit underwriting. By pioneering distributed credit underwriting infrastructure, Qiro enhances IOTA EVM with institutional-grade RWA investment opportunities on-chain.
Recognized as a rising star in Deloitte Technology’s Fast 50 program across the Middle East & Cyprus, InvoiceMate is a decentralized invoice financing infrastructure that tokenizes invoices, providing private credit and stablecoin investment opportunities. With a track record of $223m+ worth of invoices tokenized and $10.2m+ in invoices financed, it aims to bring the $3.6tr invoice financing industry on-chain and more stablecoin investment opportunities to the IOTA EVM ecosystem.
The Real Lifestyle (TRL) democratizes the real estate market by tokenizing and fractionalizing real estate portfolios. Its users get simplified homeownership and rentals, while investors enjoy fractionalized ownership and yield. Meanwhile, TRL boosts on-chain activity and TVL in the IOTA EVM ecosystem through asset token staking and transactions.
BlackFrog brings the small-scale mining sector on-chain, tokenizing commodities and financing small-scale mines through its RWA launchpad. BlackFrog provides pre-financing for small-scale miners through loans, bonds, and commodity-backed stablecoins.
Orobo develops the digital layer to verify the circular economy with traceability throughout the lifecycle of products and materials. Its solutions, including Digital Product Passports, are used for RWA tokenization, sustainability reporting, carbon credits, digital twins, and compliance. Its automated data collection leverages IOTA EVM to extract and structure data from operations and supply chains.
AuvoID is a no-code organization identity management platform that makes complex, secure identity and verifiable data solutions accessible to all businesses. It leverages IOTA Identity and IOTA EVM’s speed and low-cost infrastructure to provide compliant, reusable KYC/AML solutions and scalable, account-bound wallet verification. With over 15 organizations already using the AuvoID platform, AuvoDigital is positioned at the forefront of a growing market for decentralized identity.
Having embarked on their journey with the IOTA Tenity RWA Accelerator Program, these six finalists will present their projects at Demo Day in Singapore on September 17, before the Token2049 conference.
According to Jonas Thuerig, Managing Partner, Tenity Singapore: “We are excited to welcome six groundbreaking startups into the IOTA APAC Accelerator Program. At Tenity, we believe in the transformative power of Web 3 technologies, and in partnership with IOTA, we are committed to providing the resources and support these startups need to innovate and succeed!”
Dominik Schiener, Co-Founder and Chair of the IOTA Foundation, said, “We’re thrilled to witness the launch of the IOTA Tenity RWA Accelerator Program. This initiative marks a significant milestone for the IOTA EVM, providing a robust platform for innovative projects to flourish. By focusing on asset tokenization and adoption, these six pioneering startups are set to revolutionize the landscape of decentralized finance and Web3 technology.”
Follow these groundbreaking projects on social media to stay updated on their progress and watch this space for future expansions of the IOTA EVM ecosystem!
Tenity is the leading global innovation ecosystem and early-stage investor, with offices in Zurich, Singapore, Tallinn, Madrid, London, and Istanbul. Tenity's vision is to accelerate the future of finance by bringing together ambitious founders with leading companies, investors, and mentors. Today, Tenity counts six hubs, runs corporate innovation programs in more than 15 countries, has worked with 65+ corporate partners, and has supported more than 1600 startups through its programs.
The IOTA Ecosystem DLT Foundation is a distributed ledger technology foundation registered in Abu Dhabi Global Market, UAE, under registration number 15533. Its aim is to help drive the adoption of IOTA and grow its ecosystem.
Founded in 2015, IOTA is a public goods infrastructure to bring trust in our digital world. Through IOTA, governments, organizations, and people are able to interact with each other in a secure, trusted, and verifiable way. IOTA is one of the most established Blockchain projects in the world and is primarily driven by a global ecosystem of non-profit organizations.