TSBA Cohort Participants Raises USD$40 Million Through the Collaboration with Indonesian Crypto Asset Exchange, Tokocrypto and BRI Ventures

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Tokocrypto Sembrani Blockchain Accelerator initiative brings Indonesian blockchain projects into the global spotlight

Jakarta, Indonesia--(Newsfile Corp. - May 20, 2022) - 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) powered by TokoLabs. Through its cutting edge accelerator program, the collaboration has helped emerging blockchain projects and startups scale up with the support of technology, community networks, and also allow them to gain access to funding opportunities.

TSBA has incubated projects and elevated 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 (Chief Executive Officer of Tokocrypto), 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.

Commenting on the program, one of the cohort participants, Javier Tan, CEO of Creo Engine says, "The TSBA program has tremendously helped our project. We've known and worked with many great partners internally and externally since the start of this program. We truly hope that the TSBA program continues to champion local blockchain projects and support start-ups in the long run."

Participants and startups were 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. Participants onboarded into this program include VC Gamers, nanobyte, Avarik Saga, Creo Engine, Eizper Chain, Duckie Land, Play Fix, Play it Forward DAO, Mythic Protocol, getKupon, Avarta and Survein.



Image 1: The participants of Tokocrypto Sembrani Blockchain Accelerator (TSBA)

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"The startups that were selected are a reflection of the flourishing blockchain ecosystem in Indonesia, and this is just the beginning. Two years ago, the term blockchain seemed foreign, but today it is a digital powerhouse that comes in the form of NFTs, decentralised finance, and even GameFi. At Tokocrypto, we are proud to be disrupting this industry," says Pang Xue Kai, Chief Executive Officer, Tokocrypto.