Blockchain Accelerator In Singapore Planned By Token Economy Association

Blockchain, News | January 27, 2019 By:

Token Economy Association (TEA) has announced that it will be launching a blockchain accelerator in Singapore.

TEA is an industry-sponsored, self-regulatory organization (SRO) for the Singapore digital assets industry, specifically cryptocurrencies and tokens. The association was founded by Chia Hock Lai, who is also the president of Singapore FinTech Association, to add a layer of oversight on cryptocurrencies in the form of self-regulation that is important for consumer protection and to ensure the integrity of these markets.

TEA partnered with Tribe Accelerator, a government-backed blockchain accelerator launched by venture capital firm TRIVE in December 2018, to share their expertise on venture capitalism as part of TEA’s inaugural FinTech Fundamentals Program (FFP) and “FinTech – Blockchain Beginner” (FBB) program. Tribe Accelerator members will serve as mentors, and will sit on the judging panel for assessment projects, as well as for the hackathon, which marks the culmination of the FFP program.

The FFP program will equip learners with the right set of skills and knowledge in financial technology, whlie the FBB program will equip learners with technical blockchain skills from setting up blockchain systems to coding smart contracts. Promising projects from the hackathon will get an opportunity to advance on to the Tribe Accelerator. The training programs will run from February 2019, while Tribe Accelerator will officially kick-off with an invite-only launch event for its incubated companies towards the end of Q1 of 2019.

“TEA Singapore is pleased to be able to bring Tribe Accelerator onboard as one of the key contributors towards the two training programs,” said Lai. “As Singapore’s first government-backed blockchain accelerator, the expertise that they bring to the programme will be very beneficial to developing the knowledge and expertise of our students, and towards the education of the blockchain, and FinTech industry in Singapore, and the region.”

“Tribe Accelerator is focused on grooming the next generation of start-ups, and partnering with TEA Singapore will provide us with another channel to ensure that we continue to empower young entrepreneurs through education, networking and mentorship” said Ryan Chew, Managing Partner of Tribe Accelerator.