E Money Network Launches $2 Million RWA Grant Program To Spearhead RWA Ecosystem

July 3, 2024 – Bengaluru, India

E Money Network, a modular RWA blockchain, has launched the biggest RWA grant program in the crypto space – totaling $2 million – to enable RWA projects to build on their blockchain and accelerate the development of the RWA economy.

E Money Network’s architecture unlocks a world of possibilities

E Money Network is a layer one blockchain that acts as a foundational network for building RWA projects.

Apart from a developer-friendly SDK for customized features, it also has standard ready-made modules – such as KYC verified onboarding, banking, staking, governance and more – that can be incorporated directly into applications.

The E Money Network supports interoperability with IBC (inter-blockchain communication), allowing the development of applications that can communicate with other IBC-compatible blockchains.

E Money Network has built-in compliance modules including KYC (know your customer), KYB (know your business) and KYT (know your transaction) to enable adherence to the upcoming MiCA (Markets in Crypto Assets) regulations.

These features ensure that every entity and transaction in an application built on the E Money Network is also MiCA compliant by default.

Objectives of the grant program 

As a part of its #BUIDLonEMN initiative, E Money Network invites developer teams with disruptive RWA-centric ideas to build on the E Money Network and bring innovative solutions to life.

Applicants can submit RFPs (requests for proposals) detailing their ideas for RWA applications. Its $2 million grant pool will be distributed as initial capital among eligible projects.

Raj Bagadi, CEO of E Money Network, said,

“The RWA ecosystem is in its nascent stages, and building the RWA ecosystem with numerable RWA-specific applications will help in shaping E Money Network’s trajectory and spearheading new advancements for the wider RWA ecosystem.

“Hence, we are launching the biggest grant program to enable the next generation of entrepreneurs seeking to rebuild the financial markets with RWA applications.”

Evaluation criteria for winning grants

A group of technology experts, marketing professionals and experienced community members will form the selection committee for reviewing grant applications.

Applications to the grant program will be evaluated on the basis of the following criteria.

• The project’s objective and scope
• The anticipated impact of the project
• The project’s milestones and KPIs
• Expected…