CINCINNATI, OH – 10XTS, a leading blockchain technology firm, recently presented its forthcoming product, XDEX, to the Cintrifuse Board of Directors at their year-end meeting. This event marked a significant milestone for 10XTS, providing an opportunity to share the XDEX platform’s potential impact on early-stage funding and asset management. The presentation highlighted 10XTS’s deep connection to the Cincinnati startup ecosystem and its ongoing collaboration with Cintrifuse, a premier catalyst for innovation in the region.
During the presentation, Michael Hiles, CEO of 10XTS, discussed the integral relationship between Cintrifuse and Founder Institute Cincinnati, where he serves as a director. The Cincinnati chapter of the Silicon Valley-based Founder Institute accelerator has played a pivotal role in growing the local startup community, having now graduated 21 companies into the StartupCincy ecosystem across two cohorts. Many of these alumni companies are thriving within Cincinnati’s vibrant tech landscape, contributing to the region’s reputation as a rising hub for innovation.
Hiles explained how Founder Institute Cincinnati’s success provided the foundation for the early-stage funding product hypothesis that led to the creation of 10XTS and its XDEX platform. XDEX, designed to facilitate secure, efficient management of tokenized assets, is poised to transform how early-stage companies access capital, creating new opportunities for investors and entrepreneurs alike. This aligns with 10XTS’s mission to develop practical, blockchain-based tools that foster growth in emerging companies while addressing key challenges in funding, transparency, and data security.
Hiles was joined by Robert Slater, Chief Operating Officer of 10XTS, who further expanded on the company’s vision. Slater, a former U.S. Air Force Research Laboratory program manager and ranking officer, shared his unique expertise in commercializing government technology and transitioning innovations into the private sector. His background in advancing technology solutions aligns with 10XTS’s dedication to using blockchain to solve complex data management and capital market challenges.
The presentation resonated strongly with the Cintrifuse Board, including a statement of support from Wendy Lea, CEO of Cintrifuse. “The work that 10XTS is doing with XDEX exemplifies the kind of innovation we aim to foster within the StartupCincy ecosystem,” said Lea. “Their efforts to build a more transparent, accessible platform for asset management are impressive and represent the direction we want to see Cincinnati’s tech landscape move toward.”
10XTS’s collaboration with Cintrifuse and the broader Cincinnati business community exemplifies the power of public-private partnerships to drive economic growth and technological innovation. Cintrifuse, established as a catalyst to enhance Greater Cincinnati’s economic relevance, has grown into a national model for regional startup ecosystems. Founded in response to a McKinsey study commissioned by the Cincinnati Business Committee, Cintrifuse fills critical gaps by providing resources and networks that support high-growth tech startups, positioning Cincinnati as the premier destination for entrepreneurship in the Midwest.
Cintrifuse: Championing a Vibrant, Tech-Driven Economy in Cincinnati
Cintrifuse’s unique approach combines elements of a startup accelerator, venture capital network, and community advocate, leveraging a robust network of corporate partners, universities, and venture capital investors to foster a thriving tech ecosystem. With backing from major companies like Procter & Gamble, Kroger, and Western & Southern Financial Group, Cintrifuse connects high-growth startups to essential resources, enabling them to scale and succeed. By helping companies source new ideas and solutions, Cintrifuse plays a pivotal role in strengthening Cincinnati’s economy.
Cintrifuse’s Syndicate Fund is a core element of its strategy to build a sustainable startup ecosystem. Currently raising its second fund, with a target of $85 million, the Syndicate Fund provides a triple net bottom line that delivers returns for corporate investors while fostering local innovation. This network of venture capital funds not only generates significant investment in Cincinnati startups but also offers investors access to a national pipeline of over 400 startups, enhancing Cincinnati’s reputation as a leading innovation hub.
10XTS and the XDEX Vision for Early-Stage Funding and Tokenized Asset Management
At the heart of 10XTS’s presentation to Cintrifuse was the upcoming launch of XDEX, an advanced blockchain platform for asset tokenization and early-stage funding. By enabling secure, transparent management of tokenized assets, XDEX aims to improve liquidity and expand investment opportunities in the startup space. The platform is designed to streamline cap table management, allowing early-stage companies to efficiently manage their equity while providing investors with enhanced transparency and access.
As regulatory landscapes evolve, XDEX positions itself as a future-ready solution for companies seeking to tokenize assets and improve access to capital. This aligns with Cintrifuse’s mission to build a sustainable economy by fostering high-growth tech startups in Cincinnati. The XDEX platform exemplifies 10XTS’s commitment to using blockchain technology to drive meaningful change and empower companies to leverage digital assets to fuel growth.
A Collaborative Vision for Cincinnati’s Future
With strong support from Cintrifuse, 10XTS is enthusiastic about the prospect of deepening its engagement with the Cincinnati business community. By continuing to participate in initiatives like the Cintrifuse Syndicate Fund and the StartupCincy ecosystem, 10XTS is committed to contributing to a thriving, tech-driven economy in Cincinnati. As Hiles and Slater shared with the Cintrifuse Board, the launch of XDEX represents a pivotal step in advancing blockchain technology within the region and setting a new standard for asset management and early-stage funding.
About Cintrifuse
Cintrifuse is a public-private partnership that serves as a catalyst for Cincinnati’s tech ecosystem, promoting high-growth startups and building a sustainable, tech-driven economy in the region. Supported by major corporations, Cintrifuse provides resources, networking, and investment opportunities to entrepreneurs, positioning Cincinnati as a premier destination for innovation in the Midwest. Through initiatives like the Cintrifuse Syndicate Fund, Cintrifuse creates value for both corporate investors and startups, strengthening the local economy while delivering positive returns.
