Digital Finance Group to Invest $20 Million in Polkadot Ecosystem Development

The venture firm Digital Finance Group (DFG) announced the creation of a dedicated fund worth $20 million that will back projects in the Polkadot network.

🗣️We are pleased to announce our $20 Million «@Polkadot Ecosystem Fund»

Focused on assisting and promoting the top-tier projects of each sector being developed in this space.https://t.co/jU8qTNDziz

— Digital Finance Group (@DFG_Group) February 9, 2021

List of projects for investments by the Polkadot Ecosystem Fund. Data: DFG.

“Scalability and interoperability of Polkadot will spur mass adoption of blockchain technology. The experience and qualifications of the founders and developers distinguish this network from the rest of the projects,” said Digital Finance Group founder James Wo.

Digital Finance Group has invested a total of $550 million, including in the development of Bitcoin, Cosmos, Ethereum Classic, Ethereum, Near, Solana and Avalanche. Its portfolio includes stakes in companies such as Ledger X, Bloq, Circle, ChainSafe, RSK and Brave.

In February, DFG took part in a financing round of the Plasm Network platform, which entered the list of potential investments in the Polkadot ecosystem. Binance Labs led the round.

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