And that’s a wrap! The XRP Ledger (XRPL) Accelerator’s Scale Program, hosted by the XRPL Accelerator’s partner, the DIFC Innovation Hub, concluded in November 2024, culminating in a Demo Day where each of the startups – Palisade, Propto, Alt DRX, VNX, and Gen3 Games – presented their use case on leveraging the XRP Ledger (XRPL).

“We are excited to partner with the XRPL Accelerator to showcase the exciting opportunities that Dubai and the greater Middle East have to offer to Web3 use-cases. By bringing together top-tier startups, regulators, and investors, the program provides an unparalleled opportunity for emerging blockchain projects to scale and succeed. We are excited to continue supporting initiatives like this that drive real-world adoption of blockchain technology in the region.” — Mohammad Alblooshi, Chief Executive Officer, DIFC Innovation Hub

Held in the heart of Dubai, Demo Day 2024 was an awesome opportunity for each startup to feature their use-cases and technologies built and showcased on the XRP Ledger. Demo Day attracted a diverse audience of 250+ investors, industry leaders, and enthusiasts, with Scale participants and attendees alike being able to interact and learn more from one another.

“The XRPL Accelerator - Scale program was instrumental in helping us refine our go-to-market strategy, validate product-market fit, and navigate the regulatory landscape,” said Steven Blanc, Propto co-founder. “Personally, the program provided me with crucial insights into the compliance and structural requirements for cross-listing tokenized assets in global capital markets.”

One of the highlights of the Scale Program was being able to directly hear from and interact with key regulators from both the Dubai Financial Services Authority (DFSA) and the Virtual Assets Regulatory Authority (VARA). DFSA, the financial regulatory agency of the DIFC, which is classified as a special economic zone, along with VARA, the authority responsible for regulating and overseeing virtual assets in and from the emirate of Dubai, were able to give key speaker sessions to participants in the Scale Program.

Reece Merrick, Ripple Managing Director, Middle East and Africa, highlighted how the XRPL Accelerator and the DIFC Innovation Hub offers the unique chance for businesses to have support from their inception, with these startups “coming to work in an ecosystem where they get the support and introductions that they need,” enabling them to thrive. “We want to support the ecosystem, and really, what that comes down to is educating and allowing businesses to understand what the benefits are for utilizing digital assets in their flow,” Reece went on to further state. This emphasis on education and integration helps startups participating in the XRPL Accelerator navigate and leverage digital assets effectively within a supportive, innovative environment.

The XRPL Accelerator is eager to continue to support all five exciting Scale participants on their journeys to further growth and opportunity into the future.

For more information, please do not hesitate to apply to the XRPL Accelerator’s 2025 cohort or reach out to our team at info@XRPLAccelerator.org for more information!