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Eternic joins R3’s Venture Development Program

We’re pleased to announce that we’ve joined the Venture Development Program, an accelerator-style program developed by R3, the enterprise blockchain firm, to support the next stage of our growth.

Our search for the right blockchain technology to support this project began in 2015. We saw the potential of blockchain technology for fintech early on, but none of the early iterations met our criteria. It has taken blockchain technology for financial services several years to mature to a level suitable for international banking. After rigorous evaluation and a number of POCs, we selected Corda for the distributed ledger technology at the core of our cross border payment and settlement platform.

“The Corda ecosystem is one of the largest blockchain ecosystems in the world with more than 350 institutions and over 400 startups actively engaged. It's rapidly growing and the R3 Venture Development Program ensures start-ups derive the greatest value from our network to shorten their time-to-market and accelerate go-to-market strategy,” says Ivar Wiersma, Head of Venture Development at R3.

“We are very excited to be working with Eternic, with their offering to help financial institutions meet the demand for real-time cross-border payments and settlement.” — Ivar Wiersma, Head of Venture Development, R3

R3 launched the Venture Development Program in June of 2020 to help distributed ledger technology start-ups find Product-Market Fit. The program serves as a gateway into the R3 ecosystem, connecting start-ups to enterprise customers, corporate partners, and a global network of mentors and investors. It’s a cost and equity-free program supported by an international team of industry experts, devoted to helping your company get to market faster.

Through the program, we can network with other blockchain founders and developers, access educational content, and a wide range of mentors, technical experts, potential partners, and investors. Additionally, we can compete in industry-specific challenges, and access high-quality incubator and accelerator partner programs to support our POC progress.

“Since joining, we’ve been able to take advantage of mentoring and training sessions to fine-tune our investment pitch and product development to support our use-cases. The VDP Portal and Slack channel have also allowed us to connect with a rich community of start-ups and industry professionals passionate about blockchain to share experience and discuss collaboration. It’s a great resource to take our platform and partnerships to the next level.”
– Frankie Elmquist, Product and Marketing Lead, Eternic

Want to learn more about us and what we’re building? The Eternic platform provides a new pathway for international transfers to flow directly between sending and receiving institutions without intermediaries in between. Leveraging distributed ledger technology, Eternic automates flows to make them faster, safer, and cheaper for banks and their customers. Learn more here:



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Eternic is a dynamic team of fintech professionals building a new cross-border payments platform using blockchain technology: