Tezos (CRYPTO:XTZ) has initiated a DeFi accelerator in Singapore, aiming to propel forward-thinking startups that are leveraging its blockchain technology.

This move comes as the platform seeks to cement its position within the burgeoning DeFi landscape, highlighting a strategic pivot towards fostering innovation and supporting novel financial solutions.

By providing crucial resources and mentorship, Tezos aims to harness the vibrant energy of startups to enhance its ecosystem.

This initiative underscores the increasing attention from venture capitalists towards DeFi projects, signaling a promising growth trajectory for blockchain-backed financial innovation.