August 31st, 2021 - Having launched the Algorand Foundation Grant Program last year, we have received many submissions from developers and innovators globally who have been eager to participate and grow the Algorand ecosystem. After thorough review and selection, we are delighted to announce that Quantoz is the latest Grant recipient.
Quantoz, a FinTech startup from the Netherlands, that has built blockchain projects with both blue chips such as Porsche, BASF and UniCredit as well as with crypto-frontrunners such as Bank Frick and BTC Suisse have been awarded a grant to create an Algorand based peer-to-peer platform for bonds, e-money and other tokenised assets. The platform will provide SME’s in Europe easier access to capital markets, making use of tokenised bonds and e-money on the Algorand blockchain using layer-1 technologies and will be managed by Quantoz’ NEXUS technology.
‘SMEs play a vital role in our economy, unfortunately, these companies often have difficulties with getting access to external debt. Our Algorand based solution, enables tokenised bonds to be directly issued and traded for e-money. This improves many parts of the bond issuance and trading process and will help SMEs to get loans' ‘, says Henri de Jong, Quantoz co-founder and CBDO. ‘As an ISO 27001 and ISAE 3402 Type 1 certified company, the sustainability, reliability and performance of Algorand's blockchain technology perfectly fits with our product strategy’.
‘We’re delighted to support the Quantoz grant application and we welcome them to the Algorand ecosystem. Algorand’s Layer-1 blockchain is scalable, secure, fast, final, low cost and sustainable - making it an ideal platform for Quantoz’s peer-to-peer platform for bonds, e-money and other tokenized assets. Our partnership will serve to provide a new use case for the Algorand ecosystem and much needed new opportunities for SME’s’. Sean Lee, CEO, Algorand Foundation.
Algorand Foundation is proud to support this project with funding through the Algorand Foundation Grant program. For more information on Quantoz and Nexus, please visit https://quantoz.com/.
If you are interested in submitting a project for support from the Algorand Foundation Grant program, please apply here.