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

Instrumento del Fondo Multilateral de Inversiones

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