Contribution: Industrial Research Assistance Program – Contributions to Firms
AscendantFX Capital Inc
$165,000.00
Development of global payment services with multi-currency transactions using blockchain technology.
FY 2019-20 · 2019-06-10
Summary
This project will provide a customer facing online platform with supporting infrastructure that will provide increased transparency, payment execution, and security to customers initiating international payments and to the payees that receive them. The aim of the project is to create payment networks within the global distribution of good and services empowered by open banking, blockchain, and real-time payments.
Department
Program
Industrial Research Assistance Program – Contributions to FirmsIndustrial Research Assistance Program-Contributions to Firms (linked with high confidence)
Recipient
Location
Toronto|Toronto, Ontario, Canada
Recipient Type
For-profit organization
Business Number
840290910
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions
As published
Agreement End Date
2020-02-21
Agreement Number
931970
Agreement Start Date
2019-06-10
Agreement Title
Development of global payment services with multi-currency transactions using blockchain technology.
Agreement Title (French)
Développement de services de paiement globaux avec des transactions multidevises utilisant la technologie de chaîne de blocs
Agreement Type
Contribution
Agreement Value
$165,000.00
Amendment Number
0
Coverage
IRAP Contributions to Firms projects stimulate wealth creation for Canada through technological innovation. | Les projets des Contributions aux entreprises stimulent la création de richesse au Canada grâce à l’innovation technologique.
Description
This project will provide a customer facing online platform with supporting infrastructure that will provide increased transparency, payment execution, and security to customers initiating international payments and to the payees that receive them. The aim of the project is to create payment networks within the global distribution of good and services empowered by open banking, blockchain, and real-time payments.
Description (French)
Ce projet fournira une plate-forme en ligne pour les clients avec une infrastructure de soutien qui offrira une transparence accrue, une exécution des paiements et une sécurité accrue aux clients qui effectuent des paiements internationaux et aux bénéficiaires qui les reçoivent. L'objectif du projet est de créer des réseaux de paiement dans le cadre de la distribution mondiale de biens et de services grâce à des services bancaires ouverts, une technologie de chaîne de blocs et des paiements en temps réel.
Expected Results
The purpose of IRAP Contributions to Firms is to support research, development, adoption and/or adaptation of innovative or technology-driven new or improved products, services or processes in Canada up to their commercialization
Expected Results (French)
Le PARI, par le biais des Contributions aux entreprises, vise à appuyer la recherche, le développement, l’adaptation et/ou l’adoption au Canada de produits, de services ou de processus novateurs ou axés sur des technologies nouvelles ou améliorées, et ce jusqu’à leur commercialisation
Federal Riding
Etobicoke--Lakeshore
Federal Riding (French)
Etobicoke--Lakeshore
Federal Riding Number
35028
NAICS Code
511211
Organization Code
nrc-cnrc
Organization
National Research Council Canada | Conseil national de recherches Canada
Program Name
Industrial Research Assistance Program – Contributions to Firms
Program Name (French)
Programme d’aide à la recherche industrielle – Contributions aux entreprises
Program Purpose
The purpose of IRAP Contributions to Firms is to support research, development, adoption and/or adaptation of innovative or technology-driven new or improved products, services or processes in Canada up to their commercialization
Program Purpose (French)
Le PARI, par le biais des Contributions aux entreprises, vise à appuyer la recherche, le développement, l’adaptation et/ou l’adoption au Canada de produits, de services ou de processus novateurs ou axés sur des technologies nouvelles ou améliorées, et ce jusqu’à leur commercialisation
Recipient Business Number
840290910
Recipient City
Toronto|Toronto
Recipient Country
CA
Recipient Legal Name
AscendantFX Capital Inc
Recipient Postal Code
M5J 2J1
Recipient Province or Territory
ON
Recipient Type
F
Reference Number
172-2019-2020-Q2-931970
