The Provenance Foundation, a public blockchain for financial services, has announced a $50 million developer grant program that will award $50 million in HASH, the native token of the Provenance blockchain, to support developers building core services and experiences.

The Provenance Blockchain Foundation evaluates applicants on factors including security, compliance, wallets, identity, developer tools and ability to contribute to new financial asset use cases. In addition, all funded projects must go through KYC screening.