Singapore blockchain platform Tribe has raised $28mn for its companies

By Staff Writer

A blockchain platform backed by the Singapore government has helped raise $28mn for participating companies through its ecosystem, according to media reports.

Managing partner of Tribe Accelerator Ng Yi Ming (featured above) has told Cointelegraph that the company is interested in promoting blockchain companies that are solving real-world problems and those which have the potential to “revolutionise the way the industry works in the present.”

“Another successful round of fundraising underscores the relevance of blockchain technology in solving real-world problems,” he said, adding that the company will continue to “harbour companies with transformative innovations, that can change the face of the blockchain industry and benefit the end-user — making the technology more mainstream.”

Since its launch in December 2018, Tribe Accelerator has received support from government and corporate partners including big four accounting giant PwC, South Korean blockchain network Icon Foundation, BMW Group Asia and Intel, among others.

Other companies that have joined the second-edition of Tribe’s four-month program include  IBM, Citibank and video game giant Ubisoft.

On Nov. 21, Tezos Southeast Asia has announced its collaboration with Tribe to jointly launch a training program for developers on the Tezos blockchain. Tezos also hopes to attract more developers to create Tezos blockchain-based solutions for real-world applications.

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