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By Venerez
Venerez is a Stellar-based spend management for shared wallet management with multi-sig, role-based approvals, and audit logs. Launching in the Bahamas, it empowers communities to manage funds transparently, securely, and compliantly.
Features:
Smart wallets with custom (user programmable) rules-engine based spending policies
Role-based multi-signature approvals with real-time tracking, budgets, and analytics (for enterprise/DAO governance)
Policy-based approvals for decreased frustration and time On-chain, seamless global usage with Stellar Embedded compliance and secure auditing Progressive Web App for mobile and desktop usability and real-time system updates (everyone always uses the latest code)
Unlike native apps, PWAs can’t secretly collect data or override user permissions as some native apps have done—e.g. Uber tracking users after uninstalling the app. PWAs offer transparency and minimize vectors for abuse.
Why Stellar?
Integrated, modular, global solution Instant settlement, low fees, global network Native support for tokenized assets & compliance frameworks Actively maintained multi-sig libraries Access to global liquidity via Stellar DEX Fiat to digital on/off ramps provided by anchors Carbon neutral blockchain KYC/Compliance infrastructure via regulated anchors — on/off ramp partners
Maybe in the future, but not in this submission
$99.7K
Success Criteria
Success is defined by the launch of a functional MVP to 100–150 verified beta users in the Bahamas, enabling real-time, role-based spend management using Stellar Mainnet.
Key Outputs
— Onboard 100–150 verified users through a compliant KYC process
— Execute 200+ transactions using multi-signature, role-based approval flows
— Maintain a full audit trail for all wallet activity, with transaction and access logs tied to user roles
Measured Impact
— Expand financial access by equipping underserved communities with secure, transparent tools for managing shared funds
— Empower small teams, families, and local businesses through team-controlled wallets and programmable spend permissions
— Demonstrate blockchain-based compliance with audit-ready infrastructure and legal frameworks that support real-world accountability
— Establish a working prototype for future regional deployments and regulatory engagement, starting with the Bahamas as a launchpad
Go to Market: Launch to 100-150 beta users in the Bahamas Launch with 1,000 beta users from existing Stellar user groups & DAO communities Integrate with Stellar anchors for trustless UX Partner with stablecoin issuers and fintech ramps for global reach Expansion to rest of Caribbean and Central America Gradual expansion to LATAM, Africa, Asia Embed wallet infrastructure for B2B partners
Venerez has engaged in over 180 interviews of community-driven market research.
Our goal was to ask stakeholders what was missing from their life to improve their economic condition, discussing with Women Owned Firms, Individuals seeking financial freedom, SMEs & retail end users.
Within the Bahamas community, Venerez engaged directly with Community Members/Associations, Sports Clubs, the Downtown Freeport Business Association, Bahamas Institute of Business & Technology, Rotary Club & Chamber of Commerce & many more.
Our team has completed the Stellar kickstart programme & has received private funding in the past.
Our CEO has founded and run over a dozen startups; has won Entrepreneur of Year, and other prestigious technology awards worldwide; was in the top 500 individual inventors Worldwide; has deep experience on both sides of the VC/Startup ecosystem; has run numerous hardware and software development teams — the largest ~150 hardware and software engineers and developers; and has raised $25M from among the most prestigious investors (Goldman Sachs) — an investment valued at $250 million less than 18 months later.
We have been building a database of a quarter Billion SMEs over the past 10 years. The purpose of this Build Award is to prove our detailed MVP in the Bahamas, then scale to the rest of the Caribbean, and then to the rest of world while leveraging our unique advantages and databases.
Revised Budget Breakdown Deck:
Tranche 1 – MVP
Total Revised Budget: $34,705
Deliverable 1: Frontend & Backend Scaffolding
Brief description: Scaffold the PWA using React & Tailwind; implement routing, authentication (OAuth2 + WebAuthn), and backend APIs for wallet creation and spend-rule configuration.
How to measure completion: All major UI views render correctly in local dev; backend endpoints support wallet creation and rule setup.
Estimated date of completion: May 15, 2025
Budget: $11,200
Deliverable 2: Local Multi-sig Transaction Flow
Brief description: Integrate Stellar SDK’s multi-signature transaction logic in a local test harness; provide a minimal React-based approval UI.
How to measure completion: Users can simulate and approve multi-sig transactions end-to-end in the local environment.
Estimated date of completion: May 30, 2025
Budget: $11,360
Deliverable 3: Initial UI/UX & Test Suite
Brief description: Build core dashboard, rule-setup, and approval screens; establish unit and integration tests using Jest and React Testing Library.
How to measure completion: All core components render and pass automated tests; internal QA sign-off achieved.
Estimated date of completion: June 10, 2025
Budget: $12,145
Revised Budget Breakdown Deck:
Tranche 2 – Testnet & Policy Engine
Total Revised Budget: $34,035
Deliverable 1: Stellar Testnet Deployment
Brief description: Deploy the PWA to the public Stellar Testnet and integrate Horizon APIs via an automated CI/CD pipeline.
How to measure completion: Publicly accessible PWA can sign, submit, and track transactions on Testnet.
Estimated date of completion: July 5, 2025
Budget: $10,570
Deliverable 2: Multi-sig & Policy Engine (Freighter-compatible)
Brief description: Enable Freighter wallet support for multi-sig approvals; implement two-role (Admin/User) access control; route policy logic on-chain.
How to measure completion: Freighter users in each role can approve transactions according to defined policies on Testnet.
Estimated date of completion: July 20, 2025
Budget: $11,145
Deliverable 3: Logging & Simulated KYC
Brief description: Integrate an audit-log system (Winston/Log4js) and transaction history view; implement a front-end mock-KYC flow for compliance simulation.
How to measure completion: Every user action is logged and viewable; mock-KYC flow triggers and completes as expected.
Estimated date of completion: July 31, 2025
Budget: $12,320
Revised Budget Breakdown Deck:
Tranche 3 – Mainnet & Beta
Total Revised Budget: $30,935
Deliverable 1: Stellar Mainnet Deployment & Spend Management
Brief description: Promote the platform to Stellar Mainnet; configure production keys; enable real XLM/USDC payments and enforce the role-based policy engine.
How to measure completion: Verified users can create wallets, set policies, and approve live transactions in production.
Estimated date of completion: September 1, 2025
Budget: $10,060
Deliverable 2: Production KYC & Encrypted Audit Infrastructure
Brief description: Integrate a SaaS KYC provider (e.g., Onfido) under a developer plan; implement managed database encryption (AWS KMS) for audit logs.
How to measure completion: Production KYC workflow operational; audit logs encrypted and retrievable per compliance requirements.
Estimated date of completion: September 15, 2025
Budget: $10,340
Deliverable 3: Beta Launch & Documentation Review
Brief description: Onboard 5–10 beta users via existing networks; gather feedback; finalize documentation.
How to measure completion: Beta users complete core workflows; documentation & test review approved.
Estimated date of completion: September 30, 2025
Budget: $10,535
Grand Total (All Tranches):
Original Budget: $131,195
Revised Budget: $99,675
Stellar-Venerez-Staff Overview & Security:
Key contactable members:
http://linkedin.com/in/roland-schoettle-7a847211
http://linkedin.com/in/hugo-dobney-b26916311
Brief Summary:
Venerez is a platform that conforms to all regulatory requirements — and is focused on partnering with regulated financial institutions and governments of emerging economies pursuing digital transformation.
Most regulated financial institutions require partners to assume full financial and regulatory liabilities. This makes it extremely difficult, if not impossible, for early-stage financial projects to bear the costs of providing hard warranties or liability coverage—especially given the risks of malicious actors, copycats, or unauthorized modifications. To reduce exposure to much higher compliance and insurance costs, and to ensure team safety (due to the sensitive nature of our work), we do not specifically disclose team members involved in the project.
Underlining our members & their expertise: there are 6 internal members and 4 external team members on the Venerez Team. All are ready for immediate engagement.
4 with over 15 years of full-stack development and engineering experience, including financial application development for both traditional finance and crypto platforms (e.g., tokenized exchange cores). Skilled in Scala, Java, Python, C/C++, and Rust.
2 with over 6 years of full-stack development experience.
All 4 external team members are experienced in blockchain migration and development, including crypto wallets, exchanges, and tokenization tools.
Specialising in all features required to deliver:
- tokenized exchanges
- search engine
- CRM
The program manager, Mr. Roland Schoettle has many years of experience building and running teams of developers, engineers (both hardware and software), marketers, executives, and more. The largest team of developers (and engineers) was over 140 people and delivered new chip technology as well as the low and high-level software that ran on the hardware. Other development (software) projects included financial high-speed trading, energy management, mesh networking, social media, advanced marketing, and more.
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