British number one Johanna Konta will play in the first women's Tie Break Tens event, in Madrid on 4 May.
The world number seven will feature alongside seven other players, including Maria Sharapova.
All matches in the event, which begins with a round-robin stage, comprise a single tie-break to 10 points.
"Tie-breaks provide so many pressure-filled moments and it will be fascinating to see who handles it best," said Konta, 25.
The winner of the inaugural women's tournament will receive $200,000 (£161,000), with an additional $100,000 (£80,547) donated to a charity working to combat domestic violence.