Democratizing Access to Finance for Entrepreneurs
The objective of this project is to help create the first ever security tokenized venture capital (VC) fund in Latin America and the Caribbean. This fund, once structured, will provide seed financing to entrepreneurs that are leveraging the blockchain technology to solve key social and environmental challenges in a very novel way.

Project Detail

Country

Regional

Project Number

RG-T3363

Approval Date

December 14, 2018

Project Status

Cancelled

Project Type

Technical Cooperation

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

ENTERPRISE DEVELOPMENT, CLUSTERS AND INNOVATION

Lending Instrument

Multilateral Investment Fund Instrument

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental and Social Impact Category (ESIC)

Category C: Likely to cause minimal or no negative environmental and associated social impacts

Total Cost

USD 1,200,000.00

Country Counterpart Financing

USD 600,000.00

Original Amount Approved

USD 600,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATC/ME-17208-RG Non-Sovereign Guaranteed USD - United States Dollar Multilateral Investment Fund II (MIF) -
Operation Number ATC/ME-17208-RG
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Multilateral Investment Fund II (MIF) -
  • Financial Instrument: