Blockchain Startup Everledger Wins €30,000 at BBVA Competition

AccessTimeIconSep 22, 2015 at 4:47 p.m. UTC
Updated May 9, 2023 at 3:02 a.m. UTC

London blockchain startup Everledger is the joint winner of BBVA's European Open Talent competition.

The startup, which uses blockchain technology to tackle diamond fraud and theft, will be awarded a €30,000 prize ($33,939) as well as an invitation to develop a project with the multinational bank.

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  • Rounding off the competition series, with previous finals taking place in New York and Mexico DF, Everledger competed against fellow bitcoin and blockchain companies Safello and Vaultoro.

    – a marketplace that connects issues and investors in the corporate bond market – comes after bitcoin-based platform Bitnexo won the Latin America final of the competition alongside Chilean startup Destacame.

    BBVA Ventures, the bank's private equity subsidiary, participated in Coinbase's $75m funding round. BBVA was also one of the nine banks partnering with R3CEV to develop a set of common blockchain standards.

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