TokenEx receives $300,000 OCAST OARS Grant
TokenEx was one of thirteen recipients of the Oklahoma Center for the Advancement of Science and Technology (OCAST) Oklahoma Applied Research Support (OARS) grant program. The $300,000 grant is to be used over the next two years and will provide significant financial assistance as TokenEx develops its tokenization operating system and infrastructure.
The OCAST OARS program uses external peer reviews to evaluate applied research applications and collectively place them in order of the project’s expected ability to achieve commercialization through sound scientific investigation. TokenEx selection by OCAST OARS is a testament that we have a sound product vision and business plan.
"Our peer review process coupled with our match requirements make OCAST-funded applied research projects among the most respected in the nation," said Michael Carolina, executive director of OCAST. "The value of our selection process also helps validate the investment worthiness of our research projects. That is the reason our $196 million investment over the last 23 years has yielded $3.9 billion of leveraged or outside money for Oklahoma research."