Announcing Grants for Interledger Protocol-Based Financial Services

May 18, 2022

The Interledger Foundation is allocating $1.5 million USD in grant funding to organizations with an interest to build financial nodes in the Interledger Network. 

We encourage companies, NGOs, educational institutions, government agencies, or other documented collectives across the globe with innovative ideas and solutions for Interledger Protocol (ILP) enabled financial services to apply.

Enabling financial innovations, inclusion and access

The Interledger Foundation champions advocacy for Interledger, an open protocol that permits frictionless payments and micropayments across currencies and ledgers enabling opportunities for broader global financial inclusion. The Foundation in its mission to build equitable pathways to financial access and digital participation launched its Call for Proposals for ILP-Based Financial Services to help organisations research and plan concepts that will help catalyze more financial services nodes in the Interledger Network.  

Supporting those who facilitate and utilize open payments for financial equity

Through this grant, we seek to support communities that have – and continue to be – systemically and deliberately excluded from financial access and empowerment opportunities. The Interledger Foundation by providing grants that total $75,000 USD to up to twenty (20) recipients will fund 6-month research and development projects with a compelling idea for an ILP-enabled financial service that understands the problems and explores innovative open source solutions.

Encourage your communities and local organizations to apply and collaborate with us.

Build your idea in the Interledger Network

Do you have an idea for a compelling ILP-enabled financial service? Here’s how to apply for a grant to explore and develop that idea:

  • Use or create a (free) Submittable account.
  • Complete the application outlining the proposed concept, its applicability to the Interledger Protocol, practical work plan to create a prototype and preliminary budget.

The Call for Proposal: ILP-Based Financial Services is now live and accepting applications. It will be open through to Friday, July 8. 

We will hold three information sessions where we will walk through the application, share useful tips for applying and answer questions. Each session will cover the same material but be at different times for timezone equity. You may attend more than one. These sessions will be recorded and shared publicly once completed.

Stay tuned for more details on the Interledger Foundation’s website and community forum for more information on the current call for proposal’s eligibility requirements, application form, live information sessions, and any other additional information.

All are welcome to the Interledger Slack and join the #cfp-financial-services channel or reach out to us at [email protected] if you have any questions.