The Stellar Development Foundation (SDF) has launched a $30 million matching fund for early-stage companies building on the Stellar blockchain.
The fund is a branch of SDF’s Enterprise Fund, the firm’s venture arm investing in startups within the Stellar ecosystem. It plans to match investments up to $500,000 from the lead funding source. The idea is to boost funding to early-stage companies in jurisdictions that could benefit from blockchain-powered solutions.
„The Stellar ecosystem is working to address challenges like inflation, affordable remittances, and the high cost of capital — and we’re investing in solutions to these problems through the Matching Fund,” said Senior Director of Investments Andrea Lo in a statement.
The inaugural investments are already targeting these problems. The Matching Fund portfolio includes: Trace Finance, a cross-border payment platform using stablecoins to connect Latin American startups with overseas funding; Bitwage, a blockchain-based payr
We współpracy z: https://www.theblockcrypto.com/linked/137802/stellar-development-foundation-debuts-30-million-matching-fund?utm_source=rss&utm_medium=rss
