Leading Regulated Indonesian Crypto Asset Exchange Tokocrypto joins forces with Indonesia’s Largest Government Owned Bank Backed VC firm BRI Ventures

Tokocrypto Sembrani Blockchain Accelerator initiative is set to bring Indonesian blockchain projects into the global spotlight

Indonesia, January 25, 2021 – Tokocrypto, Indonesia’s no. 1, most trusted crypto asset digital exchange, has partnered with the country’s leading government-owned bank’s corporate venture capital firm, BRI Ventures 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 scale up with the support of technology, community networks, and also allow them gain access to funding opportunities.

Tokocrypto’s TokoLaunchpad 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, TokoLaunchpad aims to contribute to transforming Indonesia into the region’s digital economy powerhouse. BRI Ventures has played a critical role in accelerating Indonesia’s economic and entrepreneurial  growth and have 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 centre of the blockchain map and give the  Indonesian blockchain communities the opportunity to grow with the catalyst of collaboration” says Pang Xue Kai, Chief Executive Officer, Tokocrypto.

Participants and startups will be provided with the necessary tools on fundraising, team culture, blockchain development, listing advisory and tokenomics to develop the skills required to make a mark within the blockchain industry.

Tokocrypto Sembrani Blockchain Accelerator will incubate projects and elevate them across 4 primary pillars- branding and marketing, investment strategies, investment landscape tactics and access to fundraising opportunities. The central nexus of TSBA which connects the 4 pillars of the accelerator program is the networking and mentoring support of mentors from the local blockchain scene such as Nicko Widjaja (Chief Executive Officer of BRI Ventures), Pang Xue Kai, Teguh Kurniawan Harmanda (Chief Operating Officer of Tokocrypto), Lai Chung Ying (Chief Strategy Officer of Tokocrypto) and Nanda Ivens (Chief Marketing Officer of Tokocrypto) as well as mentors from the global blockchain scene.

Nicko Widjaja, CEO BRI Ventures expressed that the collaboration between BRI Ventures and Tokocrypto is 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 sphere 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 8-10 emerging Indonesian blockchain startups into the first cohort. Registration closes on February 10 2022, and the program will kick off on the 21st of February 2022.

Photo: TSBA’s Website

The accelerator programme is part of the multi-dimensional TokoVerse by Tokocrypto, that has been created to bolster blockchain technology adoption in Indonesia and beyond. Together with TokoLaunchpad, Tokoverse has developed Asia’s first crypto hub, T-Hub, Indonesia’s first and largest NFT marketplace, TokoMall, and an educational mobile app, Kriptoversity, to name a few. For more information about TSBA, you can go to tsba.tokolabs.io or alternatively, you can drop us an email at info.launchpad@tokocrypto.com.

About Tokocrypto

Tokocrypto is Indonesia’s no. 1 most trusted crypto assets digital exchange. It is the first entity in Indonesia to be registered under the Trade and Futures Exchange Ministry (BAPPEBTI). Established in late 2017, Tokocrypto recently joined hands with Binance, the world’s largest cryptocurrency exchange, to upgrade our platform to Tokocrypto v2.0 with the latest technology and security. This will allow our 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 Bank Rakyat Indonesia (BRI), which is Indonesia’s leading government owned bank founded in 1895. Backed by Bank 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 to startups that have grown to become Indonesia’s leading unicorns, such as Xendit and Bukalapak.

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Source: Vietnam Insider