Largest grant program to support regulated financial services on blockchain
SAN FRANCISCO, CA / ACCESSWIRE / February 28, 2023 / The Provenance Blockchain Foundation, which catalyzes the adoption and development of the public and open source Provenance Blockchain, today announced the launch of a $50 million grant program for blockchain developers (“Provenance Blockchain Grant Program”). The Provenance Blockchain Foundation believes this is the largest blockchain development grant pool offered specifically for the regulated financial sector.
The Provenance Blockchain Grant Program will award $50 million in HASH (HASH is the native token of Provenance Blockchain) to support developers building core services and experiences that enable the entire digitally native lifecycle of regulated financial assets on blockchain technology.
The Provenance Blockchain Foundation will evaluate grant applicants based on a number of factors, including their ability to contribute to asset perfection, asset provenance, on/off ramps, security, compliance, wallets, identity, developer tools, and new use cases for financial assets. In addition, all projects awarded grants must undergo “Know your customer” screening.
“Successfully enabling open innovation is how financial services will be meaningfully improved for businesses and customers globally,” said Morgan McKenney, CEO of the Provenance Blockchain Foundation. “That’s why the launch of our grant program is such an exciting milestone, further deepening our collaboration with talented and diverse developers who want to create a lasting and sustainable ecosystem to launch and manage real digital native financial assets on the chain and enable the ongoing mainstream adoption of blockchain technology in financial services.”
“The Provenance Blockchain grant program has been carefully designed to ensure that Provenance Blockchain hosts the highest quality ecosystem of developers building services specifically for regulated financial services,” noted Joshua Maddox, Head of Developer Ecosystem at the Provenance Blockchain Foundation. “This program is not just a grant; the Provenance Blockchain Foundation will work directly with developers to make onboarding and resolution easy, to foster networking with other developers and ecosystem participants, and to support the announcement and promotion of their services. This is a win for developers passionate about meaningfully improving financial services and for the broader provenance blockchain ecosystem.”
The Provenance Blockchain ecosystem provides an environment for open innovation, where developers, financial applications and issuers come together to enable the entire digitally native lifecycle of financial assets. Developers on the Provenance Blockchain have the opportunity to earn revenue from ecosystem participants who use their services.
In addition, the Provenance Blockchain Foundation will partner with and support developers beyond HASH-based grants by providing ecosystem introductions and networking opportunities, product promotion and marketing, and technical onboarding assistance. Interested developers can get started by visiting
About Provenance Blockchain
Purpose-built to transform financial services, Provenance Blockchain enables regulated financial services firms of all sizes to seamlessly and securely deploy and manage the entire lifecycle of digitally native financial assets at scale on a public blockchain, delivering significant business and customer value.
Founded in 2018, Provenance is the leading public financial services blockchain supporting over $12B in transactions. Part of the Cosmos ecosystem, the open source blockchain is actively leveraged by more than 60 leading financial institutions across banking, private equity and capital markets, lending, payments and asset management. The native utility token, HASH, is used to pay transaction fees and enable governance. Please visit Provenance Blockchain at Provenance.io and follow us on Twitter @provenancefdn and LinkedIn.
Provenance Blockchain Foundation Contact:
Dan Garcia
Provenance Blockchain Foundation
[email protected]
Media Contacts:
Ryan Dicovitsky/Jeff Siegel
Dukas Linden PR
[email protected]
Contact information
Dan Garcia
[email protected]
SOURCE: Provenance blockchain
