Santander Launches Blockchain Startup Competition
Santander InnoVentures announced an open DL Challenge for fintech startups using Blockchain technology. The grand prize will be US$15,000 along with the promise of future angel investment. The goal of the DL Challenge is to “inspire innovation and encourage entrepreneurship” for startups worldwide. The competition is focused on mortgage processing, trade finance and asset leasing. Participants will be selected by a panel of DL and blockchain technology experts during the Challenge event in January, 2015. Mariano Belinky, managing partner of Santander InnoVentures, said: “Distributed ledger....
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A Cambridge, Massachusetts-based company developing identity solutions for blockchain-based systems won $15,000 at a startup competition hosted by the venture arm of Spanish banking group Banco Santander yesterday. Announced in November, the Distributed Ledger Challenge was organized by Santander InnoVentures, the $100m FinTech venture fund created by Banco Santander in 2014, and Onevest, a venture capital network based in New York. The Amazon Web Services Pop-up Lofts, a working space located in Manhattan, hosted the event. Cambridge Blockchain, which won the event, was one of five....
Santander InnoVentures has announced the launch of a global blockchain competition which seeks to support early stage startups using distributed ledger technology. The Spanish megabank's $100m venture capital firm - which recently participated in Ripple's $32m funding round - is offering the winner a $15,000 cash prize as well as access to its technology and business experts. Mariano Belinky, managing partner of Santander InnoVentures, said in a statement: "Distributed ledger technologies will create huge value for customers, banks and entrepreneurs who create new businesses around it. The....
Blockchain identity startup Cambridge Blockchain has raised more than $1.7m in new funding, public records show. According to a Form D published today by the US Securities and Exchange Commission, Cambridge Blockchain has raised $1,785,000 out of a total $2m, indicating that the startup's funding efforts are ongoing. Previous SEC filings show that the startup began raising funds in March 2016. The documents show that Cambridge Blockchain had raised $635k out of a planned fundraise of $1.5m as of that month, and in a filing from last October, the startup said it had raised $1.09m out of a....
Santander InnoVentures has launched a global competition titled 'Santander InnoVentures Distributed Ledger Challenge' with the aim of encouraging and supporting those startups that employ distributed ledger technologies and blockchain in the fintech industry. The entry submission begins from November 5th, 2015 and the deadline is December 31st. In the next step, the startups will be shortlisted and then they will be further selected by a panel of distributed ledger and blockchain technology experts. Later, the winner will be revealed at New York in January 2016. Santander InnoVentures is a....
After releasing a paper covering 20 to 25 uses of blockchain technology, Santander is reportedly ready to invest in a cryptocurrency startup to sustain their initiatives. Santander is the tenth largest bank in the world, according to a list by Forbes. The bank has come up with Santander InnoVentures, which is the banking giant's $100 million fintech investment fund. This was launched last year and has made three investments so far. Blockchain Technology Startups. "We're very excited about distributed ledgers and blockchain technology. They really have the potential to disrupt many of the....