Moonstake, a staking pool protocol with B2B services platform, today announced it has been invited to be a Friend of IBM’s Hyper Protect Accelerator, a mentorship program enabling global tech startups with its top-class data protection, privacy, and security solutions.
Over the past two years, IBM Hyper Protect Accelerator has enabled 45 of the most exciting and global fintech, health tech, and insurtech startups. This year, they are working to increase this number to 100, bringing even more opportunities to global tech startups spanning a wider range of industries including music, education, legal, and decentralized technology.
The program is hosted in collaboration with Village Capital who has supported over 1,000 early-stage entrepreneurs through its programs. In this accelerator initiative, Village Capital is managing the business mentorship aspect of the program’s support services while IBM is leading technical enablement.
Startups were selected based on a multi-step process where applications were evaluated based on data security needs, use cases, product-market fit, size, age, and ability to build and scale. Finalist companies underwent multiple interviews and were evaluated on both technical and business factors before successfully joining the Cohorts and Friends of Hyper Protect.
Launching its business in August 2020, Moonstake aims to create the largest Asia-based staking network. Since the platform when live, the Moonstake team has continued to develop a user-friendly web and mobile wallet with support for over 2,000 cryptocurrencies.
Since launch, total staking assets on Moonstake have grown to reach over $1.5 billion. Further, Moonstake now supports 12 staking coins, the most popular non-fungible token (NFT) standard, and is working with Muse Finance to enter the DeFi market.
“I am excited to announce that Moonstake is part of the IBM Friends of Hyper Protect Program. This has actually been an ongoing series of discussions with IBM and Village Capital for a couple of months now, and we are happy to see the formal announcement from IBM during their Z Day global event. This is aligned with our drive to provide a safe and secure experience for our staking users!”
– Founder of Moonstake, Mitsuru Tezuka
Hyper Project Cohort
Cohort 4 and Friends of Hyper Protect consist of 55 startups in fintech, health tech, insurtech, regtech, edtech, legaltech, and data tech startups from twenty-four countries, including the USA, UAE, Mexico, Argentina, UK, Netherlands, Italy, Finland, Nigeria, Kenya, Israel, Singapore, Jordan, and more.