Foundation capital

Santander and the Oxentia Foundation announce the 20 blockchain challenge finalists

The best projects

The 20 finalists (click here to learn more about their projects) stood out for their solutions to boost productivity and employment while solving important societal problems in the challenges of strengthening user privacy and security in the blockchain networks, promote decentralized finance (“DeFi”; ie without financial intermediaries) and tokenization, and strengthen online engagement with users via Web3 and the metaverse.

The finalists in the Start-up category were: Salus – Health Data Governance (Spain), a cooperative that helps citizens share their medical data for research purposes; Finteum (UK), an interbank treasury platform for swaps and repos; Prosperous (United States), which allows lenders to qualify neglected people for credit; Heimdall Technologies (Argentina), which uses blockchain technology to track environmental regeneration; Agrotoken (Argentina), the first company to create a stable currency backed by agricultural commodities; Biztribution (Spain), which uses blockchain technology to revolutionize air travel retail; Rastra (Brazil), which tracks supply chains and creates NFTs of consumer data in the form of a digital passport; To win (Spain), a blockchain-backed smart investment platform in the sports industry; SharpShark (Chile), which uses blockchain technology to manage intellectual property; and Proofmarked ltd (United Kingdom), which “boosts the trust and legitimacy of the web”.

The scaling finalists are: nChain United Kingdom (UK), which helps central banks issue digital currency that citizens can use for retail payments; xcapit (Argentina), an open code self-custodian wallet for investing in DeFi products; Validated ID (Spain), which works with decentralized digital identifiers; Zumo Company (UK) — smart digital assets for fintechs and banks; Origin (Argentina), which uses tokenization to track supply chains. KornChain Limited (UK), a programmable digital currency that enhances next-generation payment platforms; Valora (US), a crypto wallet for global payments and decentralized financial applications; Fintech Almond (USA), an international money transfer company that uses blockchain to facilitate cross-border payments; W2 Global Data Solutions (UK), which performs identity and age verification to be shared among merchants anonymously; and WishKnish Corp (USA), accounting technology platform with solutions for e-commerce, supply chains and communications.

EUR 120,000 in prize money will be divided between the six winning projects: EUR 30,000 for the three winning start-ups (EUR 10,000 each) and EUR 90,000 for the three winning scale-ups (EUR 30,000 each). Winners will also become members of Santander X 100, an exclusive, global entrepreneurship community for the best Santander X projects that connects them to the resources they need to grow, such as advice and training, capital , customers, talents and networks.